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$70,831$70,831$422,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$351,269$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%7.112%7.560%
1st payment$335.90$335.90$2,899.53
2nd payment$0.00$2,268.61$0.00
Taxes / mo$805.50$805.50$805.50
Insurance / mo$166.67$166.67$166.67
MI / mo$55.72$55.72$84.42
HOA / mo$12.50$12.50$12.50
Total monthly$1,376.29$3,644.90$3,968.62
Cash to close$398,169$46,900$46,900