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$46,469$46,469$98,910
Remaining term (yrs)22.122.130.0
Secondary amount$0$52,441$0
Funding fee$0$0$0
Note rate4.830%4.830%7.400%
Blended rate5.680%7.440%7.640%
1st payment$284.32$284.32$684.83
2nd payment$0.00$393.31$0.00
Taxes / mo$13.92$13.92$13.92
Insurance / mo$150.00$150.00$150.00
MI / mo$38.25$38.25$19.78
HOA / mo$0.00$0.00$0.00
Total monthly$486.48$879.79$868.53
Cash to close$63,431$10,990$10,990