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$56,777$56,777$148,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$91,723$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%7.253%7.640%
1st payment$333.53$333.53$1,028.18
2nd payment$0.00$687.93$0.00
Taxes / mo$137.50$137.50$137.50
Insurance / mo$150.00$150.00$150.00
MI / mo$52.09$52.09$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$673.12$1,361.05$1,345.38
Cash to close$108,223$16,500$16,500