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$74,082$74,082$148,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$74,418$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate5.290%7.149%7.640%
1st payment$444.11$444.11$1,028.18
2nd payment$0.00$558.13$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$62.53$62.53$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$856.64$1,414.77$1,407.88
Cash to close$90,918$16,500$16,500