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$65,170$65,170$125,999
Remaining term (yrs)19.919.930.0
Secondary amount$0$60,829$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.605%7.640%
1st payment$377.55$377.55$872.39
2nd payment$0.00$456.22$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$59.41$59.41$25.20
HOA / mo$0.00$0.00$0.00
Total monthly$732.79$1,189.01$1,193.43
Cash to close$74,829$14,000$14,000