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$40,266$40,266$89,910
Remaining term (yrs)14.914.930.0
Secondary amount$0$49,644$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%6.640%7.640%
1st payment$275.75$275.75$622.52
2nd payment$0.00$372.33$0.00
Taxes / mo$60.33$60.33$60.33
Insurance / mo$150.00$150.00$150.00
MI / mo$35.60$35.60$17.98
HOA / mo$0.00$0.00$0.00
Total monthly$521.69$894.02$850.83
Cash to close$59,634$9,990$9,990