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$110,093$110,093$494,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$384,817$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%7.100%7.640%
1st payment$787.96$787.96$3,426.66
2nd payment$0.00$2,485.28$0.00
Taxes / mo$168.08$168.08$168.08
Insurance / mo$166.67$166.67$166.67
MI / mo$117.19$117.19$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,239.90$3,725.18$3,860.39
Cash to close$439,807$54,990$54,990