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$117,889$117,889$630,000
Remaining term (yrs)14.014.030.0
Secondary amount$0$512,111$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.273%7.640%
1st payment$930.16$930.16$4,361.99
2nd payment$0.00$3,307.39$0.00
Taxes / mo$236.92$236.92$236.92
Insurance / mo$166.67$166.67$166.67
MI / mo$132.35$132.35$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,466.10$4,773.48$4,891.58
Cash to close$582,111$70,000$70,000