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$45,470$45,470$149,310
Remaining term (yrs)19.319.330.0
Secondary amount$0$103,840$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%7.032%7.560%
1st payment$280.24$280.24$1,025.66
2nd payment$0.00$692.27$0.00
Taxes / mo$138.25$138.25$138.25
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$29.86
HOA / mo$0.00$0.00$0.00
Total monthly$610.22$1,302.49$1,343.77
Cash to close$120,430$16,590$16,590