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$52,438$52,438$112,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$60,062$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%8.058%7.560%
1st payment$342.21$342.21$772.80
2nd payment$0.00$450.47$0.00
Taxes / mo$98.83$98.83$98.83
Insurance / mo$150.00$150.00$150.00
MI / mo$25.00$25.00$22.50
HOA / mo$0.00$0.00$0.00
Total monthly$616.04$1,066.51$1,044.13
Cash to close$72,562$12,500$12,500