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$51,180$51,180$148,410
Remaining term (yrs)8.78.730.0
Secondary amount$0$97,230$0
Funding fee$0$0$0
Note rate5.770%5.770%7.400%
Blended rate6.620%8.179%7.640%
1st payment$617.42$617.42$1,027.56
2nd payment$0.00$729.22$0.00
Taxes / mo$44.17$44.17$44.17
Insurance / mo$150.00$150.00$150.00
MI / mo$74.78$74.78$29.68
HOA / mo$375.00$375.00$375.00
Total monthly$1,261.37$1,990.59$1,626.41
Cash to close$113,720$16,490$16,490