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$38,061$38,061$148,410
Remaining term (yrs)13.513.530.0
Secondary amount$0$110,349$0
Funding fee$0$0$0
Note rate5.210%5.210%7.320%
Blended rate6.060%7.502%7.560%
1st payment$324.91$324.91$1,019.47
2nd payment$0.00$735.66$0.00
Taxes / mo$88.17$88.17$88.17
Insurance / mo$150.00$150.00$150.00
MI / mo$41.87$41.87$29.68
HOA / mo$0.00$0.00$0.00
Total monthly$604.94$1,340.60$1,287.32
Cash to close$126,839$16,490$16,490