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$69,750$69,750$125,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$55,350$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%6.134%7.560%
1st payment$340.40$340.40$859.35
2nd payment$0.00$415.12$0.00
Taxes / mo$62.00$62.00$62.00
Insurance / mo$150.00$150.00$150.00
MI / mo$57.12$57.12$25.02
HOA / mo$0.00$0.00$0.00
Total monthly$609.52$1,024.64$1,096.37
Cash to close$69,250$13,900$13,900