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$138,981$138,981$499,500
Remaining term (yrs)17.317.330.0
Secondary amount$0$360,519$0
Funding fee$0$0$0
Note rate4.260%4.260%7.400%
Blended rate5.110%7.015%7.640%
1st payment$943.03$943.03$3,458.44
2nd payment$0.00$2,328.35$0.00
Taxes / mo$625.33$625.33$625.33
Insurance / mo$166.67$166.67$166.67
MI / mo$135.62$135.62$99.90
HOA / mo$20.00$20.00$20.00
Total monthly$1,890.65$4,219.00$4,370.34
Cash to close$416,019$55,500$55,500