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$73,975$73,975$161,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$87,935$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.300%7.640%
1st payment$444.08$444.08$1,121.03
2nd payment$0.00$659.52$0.00
Taxes / mo$68.33$68.33$68.33
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$725.01$1,384.53$1,371.75
Cash to close$105,925$17,990$17,990