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$107,066$107,066$530,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$423,034$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%7.162%7.560%
1st payment$766.84$766.84$3,641.42
2nd payment$0.00$2,732.09$0.00
Taxes / mo$319.25$319.25$319.25
Insurance / mo$166.67$166.67$166.67
MI / mo$113.91$113.91$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,366.67$4,098.76$4,233.36
Cash to close$481,934$58,900$58,900