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$61,916$61,916$143,100
Remaining term (yrs)13.113.130.0
Secondary amount$0$81,184$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%7.529%7.560%
1st payment$525.47$525.47$983.00
2nd payment$0.00$608.88$0.00
Taxes / mo$236.67$236.67$236.67
Insurance / mo$150.00$150.00$150.00
MI / mo$71.35$71.35$28.62
HOA / mo$0.00$0.00$0.00
Total monthly$983.48$1,592.36$1,398.28
Cash to close$97,084$15,900$15,900