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$125,984$125,984$512,999
Remaining term (yrs)15.915.930.0
Secondary amount$0$387,015$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.967%7.640%
1st payment$871.06$871.06$3,551.90
2nd payment$0.00$2,499.47$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$133.88$133.88$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.61$4,146.08$4,296.17
Cash to close$444,015$57,000$57,000