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$75,935$75,935$157,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$81,565$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%6.565%7.640%
1st payment$387.03$387.03$1,090.50
2nd payment$0.00$611.74$0.00
Taxes / mo$48.75$48.75$48.75
Insurance / mo$150.00$150.00$150.00
MI / mo$62.88$62.88$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$648.67$1,260.41$1,320.75
Cash to close$99,065$17,500$17,500