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$77,635$77,635$432,000
Remaining term (yrs)12.412.430.0
Secondary amount$0$354,365$0
Funding fee$0$0$0
Note rate4.410%4.410%7.320%
Blended rate5.260%7.303%7.560%
1st payment$670.84$670.84$2,967.54
2nd payment$0.00$2,288.61$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$86.28$86.28$86.40
HOA / mo$490.00$490.00$490.00
Total monthly$1,813.79$4,102.40$4,110.61
Cash to close$402,365$48,000$48,000