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$49,888$49,888$143,991
Remaining term (yrs)18.418.430.0
Secondary amount$0$94,103$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%7.462%7.640%
1st payment$309.96$309.96$996.96
2nd payment$0.00$705.77$0.00
Taxes / mo$216.83$216.83$216.83
Insurance / mo$150.00$150.00$150.00
MI / mo$47.64$47.64$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$724.43$1,430.20$1,392.60
Cash to close$110,102$15,999$15,999