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$71,516$71,516$161,100
Remaining term (yrs)12.612.630.0
Secondary amount$0$89,584$0
Funding fee$0$0$0
Note rate4.870%4.870%7.320%
Blended rate5.720%7.544%7.560%
1st payment$628.38$628.38$1,106.65
2nd payment$0.00$671.88$0.00
Taxes / mo$149.17$149.17$149.17
Insurance / mo$150.00$150.00$150.00
MI / mo$84.16$84.16$32.22
HOA / mo$118.00$118.00$118.00
Total monthly$1,129.70$1,801.59$1,556.03
Cash to close$107,484$17,900$17,900