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$35,156$35,156$378,000
Remaining term (yrs)15.215.230.0
Secondary amount$0$342,844$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%7.480%7.640%
1st payment$255.92$255.92$2,617.20
2nd payment$0.00$2,214.20$0.00
Taxes / mo$228.17$228.17$228.17
Insurance / mo$150.00$150.00$150.00
MI / mo$37.97$37.97$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$672.06$2,886.26$3,070.96
Cash to close$384,844$42,000$42,000