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$93,047$93,047$167,400
Remaining term (yrs)21.721.730.0
Secondary amount$0$74,353$0
Funding fee$0$0$0
Note rate4.610%4.610%7.320%
Blended rate5.460%7.032%7.560%
1st payment$563.99$563.99$1,149.92
2nd payment$0.00$557.64$0.00
Taxes / mo$37.00$37.00$37.00
Insurance / mo$150.00$150.00$150.00
MI / mo$77.84$77.84$33.48
HOA / mo$165.00$165.00$165.00
Total monthly$993.82$1,551.47$1,535.40
Cash to close$92,953$18,600$18,600