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$123,422$123,422$477,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$353,578$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%7.010%7.640%
1st payment$778.55$778.55$3,302.65
2nd payment$0.00$2,283.53$0.00
Taxes / mo$222.42$222.42$222.42
Insurance / mo$166.67$166.67$166.67
MI / mo$114.96$114.96$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,282.59$3,566.11$3,787.13
Cash to close$406,578$53,000$53,000