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$119,845$119,845$799,999
Remaining term (yrs)14.614.630.0
Secondary amount$0$680,154$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.390%7.640%
1st payment$927.70$927.70$5,539.03
2nd payment$0.00$4,392.66$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$129.69$129.69$160.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,024.06$6,416.72$6,665.70
Cash to close$769,043$88,889$88,889