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$120,450$120,450$539,100
Remaining term (yrs)13.913.930.0
Secondary amount$0$418,650$0
Funding fee$0$0$0
Note rate4.790%4.790%7.400%
Blended rate5.640%7.279%7.640%
1st payment$985.41$985.41$3,732.62
2nd payment$0.00$2,703.78$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$133.19$133.19$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.44$4,488.22$4,506.27
Cash to close$478,550$59,900$59,900