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$80,414$80,414$152,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$72,496$0
Funding fee$0$0$0
Note rate4.810%4.810%7.320%
Blended rate5.660%7.244%7.560%
1st payment$488.05$488.05$1,050.39
2nd payment$0.00$543.72$0.00
Taxes / mo$117.17$117.17$117.17
Insurance / mo$150.00$150.00$150.00
MI / mo$65.81$65.81$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$821.03$1,364.75$1,348.13
Cash to close$89,486$16,990$16,990