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$87,407$87,407$490,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$403,093$0
Funding fee$0$0$0
Note rate4.560%4.560%7.320%
Blended rate5.410%7.333%7.560%
1st payment$704.86$704.86$3,369.39
2nd payment$0.00$2,603.31$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$97.85$97.85$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,423.55$4,026.85$4,088.33
Cash to close$457,593$54,500$54,500