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$47,428$47,428$135,000
Remaining term (yrs)14.414.430.0
Secondary amount$0$87,572$0
Funding fee$0$0$0
Note rate4.950%4.950%7.320%
Blended rate5.800%7.876%7.560%
1st payment$381.04$381.04$927.36
2nd payment$0.00$656.79$0.00
Taxes / mo$125.33$125.33$125.33
Insurance / mo$150.00$150.00$150.00
MI / mo$50.57$50.57$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$706.94$1,363.73$1,229.69
Cash to close$102,572$15,000$15,000