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$68,164$68,164$139,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$71,336$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.811%7.640%
1st payment$419.49$419.49$965.87
2nd payment$0.00$535.02$0.00
Taxes / mo$57.50$57.50$57.50
Insurance / mo$150.00$150.00$150.00
MI / mo$64.79$64.79$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$691.78$1,226.81$1,201.27
Cash to close$86,836$15,500$15,500