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$94,854$94,854$495,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$400,146$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%7.246%7.640%
1st payment$711.71$711.71$3,427.28
2nd payment$0.00$2,584.28$0.00
Taxes / mo$119.17$119.17$119.17
Insurance / mo$166.67$166.67$166.67
MI / mo$102.23$102.23$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,099.78$3,684.05$3,812.11
Cash to close$455,146$55,000$55,000