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$135,816$135,816$607,500
Remaining term (yrs)15.115.130.0
Secondary amount$0$471,684$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%7.128%7.640%
1st payment$1,000.80$1,000.80$4,206.21
2nd payment$0.00$3,046.29$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$146.36$146.36$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.33$4,922.62$5,056.87
Cash to close$539,184$67,500$67,500