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$58,581$58,581$148,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$89,919$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%7.221%7.560%
1st payment$348.96$348.96$1,020.09
2nd payment$0.00$674.39$0.00
Taxes / mo$122.50$122.50$122.50
Insurance / mo$150.00$150.00$150.00
MI / mo$54.10$54.10$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$675.56$1,349.95$1,322.29
Cash to close$106,419$16,500$16,500