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$56,552$56,552$170,910
Remaining term (yrs)13.613.630.0
Secondary amount$0$114,358$0
Funding fee$0$0$0
Note rate5.010%5.010%7.320%
Blended rate5.860%7.292%7.560%
1st payment$474.92$474.92$1,174.03
2nd payment$0.00$762.39$0.00
Taxes / mo$19.69$19.69$19.69
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$707.21$1,469.60$1,377.91
Cash to close$133,348$18,990$18,990