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$63,781$63,781$112,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$48,719$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%6.058%7.640%
1st payment$308.89$308.89$778.93
2nd payment$0.00$365.39$0.00
Taxes / mo$65.92$65.92$65.92
Insurance / mo$150.00$150.00$150.00
MI / mo$52.16$52.16$22.50
HOA / mo$0.00$0.00$0.00
Total monthly$576.97$942.36$1,017.34
Cash to close$61,219$12,500$12,500