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$57,054$57,054$189,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$131,946$0
Funding fee$0$0$0
Note rate4.580%4.580%7.320%
Blended rate5.430%7.224%7.560%
1st payment$401.75$401.75$1,298.30
2nd payment$0.00$879.64$0.00
Taxes / mo$97.17$97.17$97.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.64$55.64$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$704.56$1,584.20$1,583.27
Cash to close$152,946$21,000$21,000