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$118,288$118,288$494,910
Remaining term (yrs)15.815.830.0
Secondary amount$0$376,622$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.966%7.640%
1st payment$815.67$815.67$3,426.66
2nd payment$0.00$2,432.35$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$126.77$126.77$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,567.36$3,999.71$4,150.56
Cash to close$431,612$54,990$54,990