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$68,474$68,474$161,910
Remaining term (yrs)17.917.930.0
Secondary amount$0$93,436$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%7.317%7.640%
1st payment$451.25$451.25$1,121.03
2nd payment$0.00$700.77$0.00
Taxes / mo$189.50$189.50$189.50
Insurance / mo$150.00$150.00$150.00
MI / mo$65.60$65.60$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$856.35$1,557.12$1,492.91
Cash to close$111,426$17,990$17,990