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$57,192$57,192$175,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$118,308$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%7.013%7.560%
1st payment$351.14$351.14$1,205.56
2nd payment$0.00$788.72$0.00
Taxes / mo$101.25$101.25$101.25
Insurance / mo$150.00$150.00$150.00
MI / mo$51.35$51.35$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$653.74$1,442.47$1,491.91
Cash to close$137,808$19,500$19,500