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$104,469$104,469$405,000
Remaining term (yrs)17.417.430.0
Secondary amount$0$300,531$0
Funding fee$0$0$0
Note rate4.320%4.320%7.400%
Blended rate5.170%7.084%7.640%
1st payment$709.84$709.84$2,804.14
2nd payment$0.00$1,940.93$0.00
Taxes / mo$456.83$456.83$456.83
Insurance / mo$150.00$150.00$150.00
MI / mo$101.36$101.36$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,418.04$3,358.97$3,491.97
Cash to close$345,531$45,000$45,000