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$82,840$82,840$414,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$331,160$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%7.164%7.560%
1st payment$529.02$529.02$2,843.89
2nd payment$0.00$2,138.74$0.00
Taxes / mo$222.58$222.58$222.58
Insurance / mo$166.67$166.67$166.67
MI / mo$78.77$78.77$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$997.04$3,135.78$3,315.94
Cash to close$377,160$46,000$46,000