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$54,779$54,779$152,910
Remaining term (yrs)12.512.530.0
Secondary amount$0$98,131$0
Funding fee$0$0$0
Note rate4.780%4.780%7.400%
Blended rate5.630%7.793%7.640%
1st payment$481.13$481.13$1,058.72
2nd payment$0.00$735.98$0.00
Taxes / mo$102.67$102.67$102.67
Insurance / mo$150.00$150.00$150.00
MI / mo$65.11$65.11$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$798.90$1,534.88$1,341.97
Cash to close$115,121$16,990$16,990