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$8,521$8,521$45,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$36,479$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%8.680%7.640%
1st payment$59.08$59.08$311.57
2nd payment$0.00$273.59$0.00
Taxes / mo$41.67$41.67$41.67
Insurance / mo$150.00$150.00$150.00
MI / mo$3.97$3.97$9.00
HOA / mo$0.00$0.00$0.00
Total monthly$254.72$528.31$512.24
Cash to close$41,479$5,000$5,000