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$136,407$136,407$711,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$574,593$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%7.186%7.640%
1st payment$982.50$982.50$4,922.82
2nd payment$0.00$3,710.91$0.00
Taxes / mo$69.87$69.87$69.87
Insurance / mo$216.67$216.67$216.67
MI / mo$146.48$146.48$142.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,415.52$5,126.43$5,351.56
Cash to close$653,593$79,000$79,000