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$92,244$92,244$427,500
Remaining term (yrs)17.317.330.0
Secondary amount$0$335,256$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%7.215%7.640%
1st payment$633.60$633.60$2,959.92
2nd payment$0.00$2,165.20$0.00
Taxes / mo$453.33$453.33$453.33
Insurance / mo$166.67$166.67$166.67
MI / mo$89.41$89.41$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,343.01$3,508.21$3,665.42
Cash to close$382,756$47,500$47,500