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$51,929$51,929$171,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$119,071$0
Funding fee$0$0$0
Note rate3.630%3.630%7.320%
Blended rate4.480%6.931%7.560%
1st payment$346.44$346.44$1,174.65
2nd payment$0.00$793.81$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$150.00$150.00$150.00
MI / mo$53.78$53.78$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$708.55$1,502.36$1,517.18
Cash to close$138,071$19,000$19,000