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$51,368$51,368$128,700
Remaining term (yrs)15.415.430.0
Secondary amount$0$77,332$0
Funding fee$0$0$0
Note rate3.960%3.960%7.320%
Blended rate4.810%7.328%7.560%
1st payment$369.99$369.99$884.08
2nd payment$0.00$579.99$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$150.00$150.00$150.00
MI / mo$55.16$55.16$25.74
HOA / mo$0.00$0.00$0.00
Total monthly$705.23$1,285.22$1,189.90
Cash to close$91,632$14,300$14,300