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$63,424$63,424$148,500
Remaining term (yrs)17.417.430.0
Secondary amount$0$85,076$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%7.407%7.640%
1st payment$434.27$434.27$1,028.18
2nd payment$0.00$638.07$0.00
Taxes / mo$62.25$62.25$62.25
Insurance / mo$150.00$150.00$150.00
MI / mo$61.28$61.28$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$707.80$1,345.87$1,270.13
Cash to close$101,576$16,500$16,500