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$42,352$42,352$359,100
Remaining term (yrs)16.416.430.0
Secondary amount$0$316,748$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%7.363%7.640%
1st payment$283.37$283.37$2,486.34
2nd payment$0.00$2,045.66$0.00
Taxes / mo$195.17$195.17$195.17
Insurance / mo$150.00$150.00$150.00
MI / mo$44.04$44.04$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$672.58$2,718.24$2,903.32
Cash to close$356,648$39,900$39,900