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$116,164$116,164$507,510
Remaining term (yrs)14.214.230.0
Secondary amount$0$391,346$0
Funding fee$0$0$0
Note rate2.350%2.350%7.400%
Blended rate3.200%6.709%7.640%
1st payment$796.14$796.14$3,513.90
2nd payment$0.00$2,527.45$0.00
Taxes / mo$227.67$227.67$227.67
Insurance / mo$166.67$166.67$166.67
MI / mo$107.90$107.90$101.50
HOA / mo$149.17$149.17$149.17
Total monthly$1,447.55$3,974.99$4,158.90
Cash to close$447,736$56,390$56,390