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$41,527$41,527$143,999
Remaining term (yrs)15.215.230.0
Secondary amount$0$102,472$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.089%7.640%
1st payment$302.09$302.09$997.02
2nd payment$0.00$683.15$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$150.00$150.00$150.00
MI / mo$44.87$44.87$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$630.29$1,313.44$1,309.15
Cash to close$118,472$16,000$16,000