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$87,158$87,158$128,700
Remaining term (yrs)20.420.430.0
Secondary amount$0$41,542$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%6.305%7.560%
1st payment$526.28$526.28$884.08
2nd payment$0.00$311.56$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$25.74
HOA / mo$0.00$0.00$0.00
Total monthly$863.29$1,174.85$1,170.32
Cash to close$55,842$14,300$14,300