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$57,293$57,293$148,410
Remaining term (yrs)13.013.030.0
Secondary amount$0$91,117$0
Funding fee$0$0$0
Note rate5.040%5.040%7.320%
Blended rate5.890%7.799%7.560%
1st payment$496.88$496.88$1,019.47
2nd payment$0.00$683.37$0.00
Taxes / mo$102.50$102.50$102.50
Insurance / mo$150.00$150.00$150.00
MI / mo$65.27$65.27$29.68
HOA / mo$0.00$0.00$0.00
Total monthly$814.64$1,498.02$1,301.66
Cash to close$107,607$16,490$16,490