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$101,562$101,562$476,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$374,538$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%7.065%7.640%
1st payment$631.95$631.95$3,296.42
2nd payment$0.00$2,418.89$0.00
Taxes / mo$209.33$209.33$209.33
Insurance / mo$166.67$166.67$166.67
MI / mo$97.37$97.37$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.32$3,524.21$3,767.64
Cash to close$427,438$52,900$52,900