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$98,722$98,722$585,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$486,278$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%7.288%7.640%
1st payment$735.24$735.24$4,050.42
2nd payment$0.00$3,140.55$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$107.01$107.01$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.58$4,691.12$4,875.76
Cash to close$551,278$65,000$65,000