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$65,731$65,731$134,100
Remaining term (yrs)17.017.030.0
Secondary amount$0$68,369$0
Funding fee$0$0$0
Note rate4.230%4.230%7.320%
Blended rate5.080%7.079%7.560%
1st payment$449.37$449.37$921.17
2nd payment$0.00$512.77$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$64.86$64.86$26.82
HOA / mo$0.00$0.00$0.00
Total monthly$780.31$1,293.08$1,214.08
Cash to close$83,269$14,900$14,900