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$116,918$116,918$539,910
Remaining term (yrs)13.713.730.0
Secondary amount$0$422,992$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.230%7.640%
1st payment$947.42$947.42$3,738.23
2nd payment$0.00$2,731.83$0.00
Taxes / mo$152.83$152.83$152.83
Insurance / mo$166.67$166.67$166.67
MI / mo$132.45$132.45$107.98
HOA / mo$30.00$30.00$30.00
Total monthly$1,429.37$4,161.19$4,195.71
Cash to close$482,982$59,990$59,990