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$136,735$136,735$585,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$448,265$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.969%7.640%
1st payment$910.77$910.77$4,050.42
2nd payment$0.00$2,895.04$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$142.60$142.60$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,761.70$4,656.74$4,875.76
Cash to close$513,265$65,000$65,000