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$116,375$116,375$868,500
Remaining term (yrs)13.813.830.0
Secondary amount$0$752,125$0
Funding fee$0$0$0
Note rate4.290%4.290%7.400%
Blended rate5.140%7.400%7.640%
1st payment$926.66$926.66$6,013.32
2nd payment$0.00$4,857.48$0.00
Taxes / mo$179.70$179.70$179.70
Insurance / mo$216.67$216.67$216.67
MI / mo$132.79$132.79$173.70
HOA / mo$50.00$50.00$50.00
Total monthly$1,505.82$6,363.30$6,633.39
Cash to close$848,625$96,500$96,500