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$64,442$64,442$125,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$61,468$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.912%7.560%
1st payment$361.53$361.53$864.91
2nd payment$0.00$461.01$0.00
Taxes / mo$11.08$11.08$11.08
Insurance / mo$150.00$150.00$150.00
MI / mo$53.19$53.19$25.18
HOA / mo$0.00$0.00$0.00
Total monthly$575.81$1,036.81$1,051.18
Cash to close$75,458$13,990$13,990