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$124,393$124,393$495,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$370,607$0
Funding fee$0$0$0
Note rate4.520%4.520%7.400%
Blended rate5.370%7.152%7.640%
1st payment$952.87$952.87$3,427.28
2nd payment$0.00$2,393.50$0.00
Taxes / mo$310.92$310.92$310.92
Insurance / mo$166.67$166.67$166.67
MI / mo$132.90$132.90$99.00
HOA / mo$27.08$27.08$27.08
Total monthly$1,590.43$3,983.93$4,030.94
Cash to close$425,607$55,000$55,000