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$73,958$73,958$107,910
Remaining term (yrs)21.721.730.0
Secondary amount$0$33,952$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%6.560%7.640%
1st payment$447.46$447.46$747.15
2nd payment$0.00$254.64$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$61.90$61.90$21.58
HOA / mo$0.00$0.00$0.00
Total monthly$764.19$1,018.83$1,023.56
Cash to close$45,942$11,990$11,990