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$101,876$101,876$539,100
Remaining term (yrs)19.019.030.0
Secondary amount$0$437,224$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%7.181%7.640%
1st payment$629.08$629.08$3,732.62
2nd payment$0.00$2,823.74$0.00
Taxes / mo$236.67$236.67$236.67
Insurance / mo$166.67$166.67$166.67
MI / mo$94.59$94.59$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.00$3,950.74$4,243.77
Cash to close$497,124$59,900$59,900