Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$34,196$34,196$427,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$393,304$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%7.445%7.640%
1st payment$171.13$171.13$2,959.92
2nd payment$0.00$2,540.09$0.00
Taxes / mo$531.92$531.92$531.92
Insurance / mo$166.67$166.67$166.67
MI / mo$27.24$27.24$85.50
HOA / mo$189.00$189.00$189.00
Total monthly$1,085.95$3,626.04$3,933.01
Cash to close$440,804$47,500$47,500