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$76,601$76,601$373,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$296,899$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.063%7.640%
1st payment$523.51$523.51$2,586.04
2nd payment$0.00$1,917.47$0.00
Taxes / mo$56.50$56.50$56.50
Insurance / mo$150.00$150.00$150.00
MI / mo$82.07$82.07$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$812.08$2,729.55$2,867.24
Cash to close$338,399$41,500$41,500