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$145,150$145,150$585,000
Remaining term (yrs)13.813.830.0
Secondary amount$0$439,850$0
Funding fee$0$0$0
Note rate4.840%4.840%7.320%
Blended rate5.690%7.239%7.560%
1st payment$1,196.18$1,196.18$4,018.54
2nd payment$0.00$2,840.70$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$160.75$160.75$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,065.27$4,905.97$4,843.88
Cash to close$504,850$65,000$65,000