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$62,229$62,229$96,300
Remaining term (yrs)16.916.930.0
Secondary amount$0$34,071$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%6.738%7.640%
1st payment$440.48$440.48$666.76
2nd payment$0.00$255.54$0.00
Taxes / mo$49.72$49.72$49.72
Insurance / mo$150.00$150.00$150.00
MI / mo$60.51$60.51$19.26
HOA / mo$0.00$0.00$0.00
Total monthly$700.71$956.24$885.74
Cash to close$44,771$10,700$10,700