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$66,623$66,623$139,500
Remaining term (yrs)16.916.930.0
Secondary amount$0$72,877$0
Funding fee$0$0$0
Note rate4.510%4.510%7.400%
Blended rate5.360%7.262%7.640%
1st payment$468.20$468.20$965.87
2nd payment$0.00$546.58$0.00
Taxes / mo$129.17$129.17$129.17
Insurance / mo$150.00$150.00$150.00
MI / mo$65.38$65.38$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$812.75$1,359.33$1,272.94
Cash to close$88,377$15,500$15,500