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$55,158$55,158$116,100
Remaining term (yrs)21.121.130.0
Secondary amount$0$60,942$0
Funding fee$0$0$0
Note rate5.120%5.120%7.320%
Blended rate5.970%7.560%7.560%
1st payment$355.32$355.32$797.53
2nd payment$0.00$457.07$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$150.00$150.00$150.00
MI / mo$46.25$46.25$23.22
HOA / mo$0.00$0.00$0.00
Total monthly$874.82$1,331.89$1,294.00
Cash to close$73,842$12,900$12,900