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$136,752$136,752$540,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$403,248$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.988%7.640%
1st payment$976.35$976.35$3,738.85
2nd payment$0.00$2,604.31$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$146.80$146.80$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,789.82$4,394.13$4,513.52
Cash to close$463,248$60,000$60,000