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$136,413$136,413$598,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$462,087$0
Funding fee$0$0$0
Note rate3.670%3.670%7.320%
Blended rate4.520%7.014%7.560%
1st payment$839.50$839.50$4,111.28
2nd payment$0.00$2,984.31$0.00
Taxes / mo$548.10$548.10$548.10
Insurance / mo$166.67$166.67$166.67
MI / mo$129.67$129.67$119.70
HOA / mo$41.67$41.67$41.67
Total monthly$1,725.61$4,709.92$4,987.41
Cash to close$528,587$66,500$66,500