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$39,470$39,470$148,500
Remaining term (yrs)8.78.730.0
Secondary amount$0$109,030$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%7.200%7.560%
1st payment$445.22$445.22$1,020.09
2nd payment$0.00$726.87$0.00
Taxes / mo$70.83$70.83$70.83
Insurance / mo$150.00$150.00$150.00
MI / mo$53.03$53.03$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$719.08$1,445.95$1,270.63
Cash to close$125,530$16,500$16,500