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$60,732$60,732$163,800
Remaining term (yrs)12.712.730.0
Secondary amount$0$103,068$0
Funding fee$0$0$0
Note rate4.840%4.840%7.320%
Blended rate5.690%7.144%7.560%
1st payment$530.21$530.21$1,125.19
2nd payment$0.00$687.12$0.00
Taxes / mo$452.50$452.50$452.50
Insurance / mo$150.00$150.00$150.00
MI / mo$71.25$71.25$32.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,203.96$1,891.08$1,760.45
Cash to close$121,268$18,200$18,200