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$72,993$72,993$179,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$106,107$0
Funding fee$0$0$0
Note rate4.030%4.030%7.400%
Blended rate4.880%6.728%7.640%
1st payment$423.42$423.42$1,240.05
2nd payment$0.00$707.38$0.00
Taxes / mo$165.83$165.83$165.83
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$801.84$1,509.22$1,591.71
Cash to close$126,007$19,900$19,900