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$58,772$58,772$179,100
Remaining term (yrs)12.512.530.0
Secondary amount$0$120,328$0
Funding fee$0$0$0
Note rate5.030%5.030%7.400%
Blended rate5.880%7.304%7.640%
1st payment$523.61$523.61$1,240.05
2nd payment$0.00$802.19$0.00
Taxes / mo$41.92$41.92$41.92
Insurance / mo$150.00$150.00$150.00
MI / mo$68.85$68.85$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$784.38$1,586.57$1,467.79
Cash to close$140,228$19,900$19,900