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$68,498$68,498$197,820
Remaining term (yrs)12.612.630.0
Secondary amount$0$129,322$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%7.082%7.560%
1st payment$589.16$589.16$1,358.89
2nd payment$0.00$862.15$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$82.36$82.36$39.56
HOA / mo$0.00$0.00$0.00
Total monthly$965.36$1,827.51$1,692.28
Cash to close$151,302$21,980$21,980