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$119,425$119,425$535,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$416,075$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%7.052%7.640%
1st payment$647.71$647.71$3,707.69
2nd payment$0.00$2,687.15$0.00
Taxes / mo$59.00$59.00$59.00
Insurance / mo$166.67$166.67$166.67
MI / mo$98.82$98.82$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$972.20$3,659.35$4,040.46
Cash to close$475,575$59,500$59,500