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$55,497$55,497$180,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$124,503$0
Funding fee$0$0$0
Note rate4.390%4.390%7.400%
Blended rate5.240%7.149%7.640%
1st payment$421.43$421.43$1,246.28
2nd payment$0.00$830.02$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$150.00$150.00$150.00
MI / mo$59.68$59.68$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.03$1,881.05$1,852.20
Cash to close$144,503$20,000$20,000