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$66,560$66,560$404,910
Remaining term (yrs)5.45.430.0
Secondary amount$0$338,350$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%7.181%7.640%
1st payment$1,108.33$1,108.33$2,803.52
2nd payment$0.00$2,185.18$0.00
Taxes / mo$201.17$201.17$201.17
Insurance / mo$150.00$150.00$150.00
MI / mo$110.27$110.27$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,569.76$3,754.94$3,235.66
Cash to close$383,340$44,990$44,990