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$120,367$120,367$598,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$478,133$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.368%7.640%
1st payment$1,010.23$1,010.23$4,143.89
2nd payment$0.00$3,087.94$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$133.30$133.30$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,864.36$4,952.31$4,984.43
Cash to close$544,633$66,500$66,500