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$115,697$115,697$584,910
Remaining term (yrs)16.816.830.0
Secondary amount$0$469,213$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%7.085%7.640%
1st payment$758.34$758.34$4,049.80
2nd payment$0.00$3,030.33$0.00
Taxes / mo$175.10$175.10$175.10
Insurance / mo$166.67$166.67$166.67
MI / mo$119.03$119.03$116.98
HOA / mo$10.00$10.00$10.00
Total monthly$1,229.13$4,259.47$4,518.55
Cash to close$534,203$64,990$64,990