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$124,544$124,544$580,050
Remaining term (yrs)20.420.430.0
Secondary amount$0$455,506$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%7.164%7.640%
1st payment$753.96$753.96$4,016.15
2nd payment$0.00$2,941.81$0.00
Taxes / mo$228.92$228.92$228.92
Insurance / mo$166.67$166.67$166.67
MI / mo$109.60$109.60$116.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,259.14$4,200.96$4,527.74
Cash to close$519,956$64,450$64,450