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$72,244$72,244$215,910
Remaining term (yrs)13.713.730.0
Secondary amount$0$143,666$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.240%7.640%
1st payment$599.35$599.35$1,494.92
2nd payment$0.00$957.77$0.00
Taxes / mo$189.00$189.00$189.00
Insurance / mo$150.00$150.00$150.00
MI / mo$80.18$80.18$43.18
HOA / mo$405.00$405.00$405.00
Total monthly$1,423.53$2,381.31$2,282.10
Cash to close$167,656$23,990$23,990