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$44,174$44,174$413,100
Remaining term (yrs)3.63.630.0
Secondary amount$0$368,926$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%7.337%7.640%
1st payment$1,039.90$1,039.90$2,860.22
2nd payment$0.00$2,382.65$0.00
Taxes / mo$207.75$207.75$207.75
Insurance / mo$166.67$166.67$166.67
MI / mo$106.37$106.37$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.69$3,903.33$3,317.26
Cash to close$414,826$45,900$45,900