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$138,110$138,110$584,100
Remaining term (yrs)8.98.930.0
Secondary amount$0$445,990$0
Funding fee$0$0$0
Note rate2.520%2.520%7.400%
Blended rate3.370%6.714%7.640%
1st payment$1,418.93$1,418.93$4,044.19
2nd payment$0.00$2,880.35$0.00
Taxes / mo$119.42$119.42$119.42
Insurance / mo$166.67$166.67$166.67
MI / mo$150.52$150.52$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.53$4,735.89$4,447.09
Cash to close$510,890$64,900$64,900