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$48,301$48,301$153,000
Remaining term (yrs)13.613.630.0
Secondary amount$0$104,699$0
Funding fee$0$0$0
Note rate4.910%4.910%7.320%
Blended rate5.760%7.293%7.560%
1st payment$403.16$403.16$1,051.00
2nd payment$0.00$697.99$0.00
Taxes / mo$141.67$141.67$141.67
Insurance / mo$150.00$150.00$150.00
MI / mo$53.75$53.75$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$748.57$1,446.57$1,373.27
Cash to close$121,699$17,000$17,000