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$66,601$66,601$162,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$95,399$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%7.294%7.640%
1st payment$346.89$346.89$1,121.66
2nd payment$0.00$715.49$0.00
Taxes / mo$69.33$69.33$69.33
Insurance / mo$150.00$150.00$150.00
MI / mo$51.47$51.47$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$617.69$1,333.18$1,373.39
Cash to close$113,399$18,000$18,000