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$47,713$47,713$346,455
Remaining term (yrs)14.614.630.0
Secondary amount$0$298,742$0
Funding fee$0$0$0
Note rate4.840%4.840%7.320%
Blended rate5.690%7.466%7.560%
1st payment$377.66$377.66$2,379.91
2nd payment$0.00$1,929.37$0.00
Taxes / mo$176.42$176.42$176.42
Insurance / mo$150.00$150.00$150.00
MI / mo$50.75$50.75$69.29
HOA / mo$7.50$7.50$7.50
Total monthly$762.33$2,691.70$2,783.11
Cash to close$337,237$38,495$38,495