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$90,443$90,443$521,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$430,657$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%7.134%7.640%
1st payment$588.56$588.56$3,607.99
2nd payment$0.00$2,781.33$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$94.60$94.60$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.33$4,113.65$4,361.38
Cash to close$488,557$57,900$57,900