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$121,272$121,272$429,300
Remaining term (yrs)20.520.530.0
Secondary amount$0$308,028$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%6.996%7.640%
1st payment$734.30$734.30$2,972.39
2nd payment$0.00$1,989.35$0.00
Taxes / mo$74.33$74.33$74.33
Insurance / mo$166.67$166.67$166.67
MI / mo$105.98$105.98$85.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,081.29$3,070.63$3,299.25
Cash to close$355,728$47,700$47,700