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$65,580$65,580$179,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$114,330$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.925%7.640%
1st payment$398.06$398.06$1,245.66
2nd payment$0.00$762.20$0.00
Taxes / mo$72.00$72.00$72.00
Insurance / mo$150.00$150.00$150.00
MI / mo$57.66$57.66$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$677.72$1,439.92$1,503.64
Cash to close$134,320$19,990$19,990