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$68,926$68,926$445,500
Remaining term (yrs)14.714.730.0
Secondary amount$0$376,574$0
Funding fee$0$0$0
Note rate4.800%4.800%7.400%
Blended rate5.650%7.425%7.640%
1st payment$542.04$542.04$3,084.55
2nd payment$0.00$2,432.04$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$73.18$73.18$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.39$3,626.43$3,752.82
Cash to close$426,074$49,500$49,500