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$98,734$98,734$445,499
Remaining term (yrs)14.014.030.0
Secondary amount$0$346,765$0
Funding fee$0$0$0
Note rate4.780%4.780%7.400%
Blended rate5.630%7.280%7.640%
1st payment$800.58$800.58$3,084.55
2nd payment$0.00$2,239.52$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$108.33$108.33$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,488.07$3,727.60$3,752.81
Cash to close$396,265$49,500$49,500