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$83,738$83,738$126,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$42,262$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.684%7.560%
1st payment$416.15$416.15$865.53
2nd payment$0.00$316.97$0.00
Taxes / mo$46.92$46.92$46.92
Insurance / mo$150.00$150.00$150.00
MI / mo$68.51$68.51$25.20
HOA / mo$0.00$0.00$0.00
Total monthly$681.57$998.54$1,087.65
Cash to close$56,262$14,000$14,000