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$44,654$44,654$144,000
Remaining term (yrs)13.213.230.0
Secondary amount$0$99,346$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%7.614%7.640%
1st payment$353.55$353.55$997.03
2nd payment$0.00$745.10$0.00
Taxes / mo$248.83$248.83$248.83
Insurance / mo$150.00$150.00$150.00
MI / mo$42.50$42.50$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$794.88$1,539.98$1,424.66
Cash to close$115,346$16,000$16,000