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$104,289$104,289$400,500
Remaining term (yrs)17.617.630.0
Secondary amount$0$296,211$0
Funding fee$0$0$0
Note rate4.340%4.340%7.320%
Blended rate5.190%7.083%7.560%
1st payment$703.03$703.03$2,751.16
2nd payment$0.00$1,913.03$0.00
Taxes / mo$246.00$246.00$246.00
Insurance / mo$150.00$150.00$150.00
MI / mo$100.15$100.15$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,199.18$3,112.21$3,227.26
Cash to close$340,711$44,500$44,500