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$55,342$55,342$103,050
Remaining term (yrs)25.725.730.0
Secondary amount$0$47,708$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.642%7.640%
1st payment$279.30$279.30$713.50
2nd payment$0.00$357.81$0.00
Taxes / mo$57.00$57.00$57.00
Insurance / mo$150.00$150.00$150.00
MI / mo$42.67$42.67$20.61
HOA / mo$0.00$0.00$0.00
Total monthly$528.97$886.78$941.11
Cash to close$59,158$11,450$11,450