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$66,870$66,870$449,910
Remaining term (yrs)16.516.530.0
Secondary amount$0$383,040$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%7.251%7.640%
1st payment$443.10$443.10$3,115.09
2nd payment$0.00$2,473.80$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$69.55$69.55$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,095.90$3,569.71$3,788.32
Cash to close$433,030$49,990$49,990