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$41,233$41,233$148,410
Remaining term (yrs)12.912.930.0
Secondary amount$0$107,177$0
Funding fee$0$0$0
Note rate5.070%5.070%7.320%
Blended rate5.920%7.422%7.560%
1st payment$361.46$361.46$1,019.47
2nd payment$0.00$714.51$0.00
Taxes / mo$59.08$59.08$59.08
Insurance / mo$150.00$150.00$150.00
MI / mo$47.32$47.32$29.68
HOA / mo$674.00$674.00$674.00
Total monthly$1,291.86$2,006.37$1,932.24
Cash to close$123,667$16,490$16,490