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$55,666$55,666$157,410
Remaining term (yrs)16.416.430.0
Secondary amount$0$101,744$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.677%7.640%
1st payment$366.62$366.62$1,089.88
2nd payment$0.00$678.29$0.00
Taxes / mo$121.99$121.99$121.99
Insurance / mo$150.00$150.00$150.00
MI / mo$58.48$58.48$31.48
HOA / mo$260.00$260.00$260.00
Total monthly$957.10$1,635.39$1,653.35
Cash to close$119,234$17,490$17,490