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$48,549$48,549$404,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$356,361$0
Funding fee$0$0$0
Note rate4.930%4.930%7.320%
Blended rate5.780%7.514%7.560%
1st payment$418.32$418.32$2,781.45
2nd payment$0.00$2,301.50$0.00
Taxes / mo$463.33$463.33$463.33
Insurance / mo$150.00$150.00$150.00
MI / mo$55.64$55.64$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.30$3,388.80$3,475.77
Cash to close$401,351$44,990$44,990