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$75,887$75,887$179,910
Remaining term (yrs)14.714.730.0
Secondary amount$0$104,023$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%6.988%7.640%
1st payment$594.83$594.83$1,245.66
2nd payment$0.00$693.48$0.00
Taxes / mo$200.67$200.67$200.67
Insurance / mo$150.00$150.00$150.00
MI / mo$80.77$80.77$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,026.27$1,719.75$1,632.31
Cash to close$124,013$19,990$19,990