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$125,478$125,478$508,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$383,022$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%7.000%7.560%
1st payment$967.96$967.96$3,493.04
2nd payment$0.00$2,473.68$0.00
Taxes / mo$481.60$481.60$481.60
Insurance / mo$166.67$166.67$166.67
MI / mo$146.07$146.07$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.30$4,235.99$4,243.01
Cash to close$439,522$56,500$56,500