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$58,164$58,164$386,100
Remaining term (yrs)14.714.730.0
Secondary amount$0$327,936$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%7.399%7.640%
1st payment$450.54$450.54$2,673.28
2nd payment$0.00$2,117.92$0.00
Taxes / mo$84.92$84.92$84.92
Insurance / mo$150.00$150.00$150.00
MI / mo$62.47$62.47$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$747.92$2,865.84$2,985.42
Cash to close$370,836$42,900$42,900