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$109,091$109,091$427,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$318,409$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.908%7.640%
1st payment$745.40$745.40$2,959.92
2nd payment$0.00$2,056.39$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$116.13$116.13$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,424.04$3,480.43$3,607.92
Cash to close$365,909$47,500$47,500