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$100,831$100,831$607,410
Remaining term (yrs)15.615.630.0
Secondary amount$0$506,579$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%7.242%7.640%
1st payment$711.82$711.82$4,205.58
2nd payment$0.00$3,271.66$0.00
Taxes / mo$185.75$185.75$185.75
Insurance / mo$166.67$166.67$166.67
MI / mo$107.68$107.68$121.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,171.92$4,443.57$4,679.48
Cash to close$574,069$67,490$67,490