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$69,711$69,711$413,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$344,199$0
Funding fee$0$0$0
Note rate4.780%4.780%7.400%
Blended rate5.630%7.393%7.640%
1st payment$606.49$606.49$2,865.83
2nd payment$0.00$2,222.95$0.00
Taxes / mo$383.25$383.25$383.25
Insurance / mo$166.67$166.67$166.67
MI / mo$82.07$82.07$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,238.47$3,461.43$3,498.53
Cash to close$390,189$45,990$45,990