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$58,984$58,984$152,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$93,926$0
Funding fee$0$0$0
Note rate4.350%4.350%7.320%
Blended rate5.200%7.534%7.560%
1st payment$342.16$342.16$1,050.39
2nd payment$0.00$704.44$0.00
Taxes / mo$141.58$141.58$141.58
Insurance / mo$150.00$150.00$150.00
MI / mo$48.69$48.69$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$682.42$1,386.87$1,372.55
Cash to close$110,916$16,990$16,990