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$51,184$51,184$130,500
Remaining term (yrs)15.415.430.0
Secondary amount$0$79,316$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%7.329%7.560%
1st payment$366.86$366.86$896.44
2nd payment$0.00$594.87$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$150.00$150.00$150.00
MI / mo$55.16$55.16$26.10
HOA / mo$0.00$0.00$0.00
Total monthly$702.10$1,296.98$1,202.63
Cash to close$93,816$14,500$14,500