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$94,151$94,151$602,010
Remaining term (yrs)16.716.730.0
Secondary amount$0$507,859$0
Funding fee$0$0$0
Note rate3.810%3.810%7.400%
Blended rate4.660%7.267%7.640%
1st payment$632.14$632.14$4,168.20
2nd payment$0.00$3,279.92$0.00
Taxes / mo$122.17$122.17$122.17
Insurance / mo$166.67$166.67$166.67
MI / mo$95.98$95.98$120.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,016.96$4,296.88$4,577.43
Cash to close$574,749$66,890$66,890