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$136,844$136,844$539,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$403,066$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.616%7.640%
1st payment$889.93$889.93$3,738.23
2nd payment$0.00$2,603.14$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$63.41$63.41$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.92$4,223.06$4,512.79
Cash to close$463,056$59,990$59,990