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$121,885$121,885$449,999
Remaining term (yrs)20.120.130.0
Secondary amount$0$328,114$0
Funding fee$0$0$0
Note rate3.480%3.480%7.400%
Blended rate4.330%6.824%7.640%
1st payment$699.60$699.60$3,115.70
2nd payment$0.00$2,119.07$0.00
Taxes / mo$293.25$293.25$293.25
Insurance / mo$166.67$166.67$166.67
MI / mo$110.63$110.63$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,270.15$3,389.22$3,665.62
Cash to close$378,114$50,000$50,000