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$54,289$54,289$112,500
Remaining term (yrs)14.514.530.0
Secondary amount$0$58,211$0
Funding fee$0$0$0
Note rate4.810%4.810%7.320%
Blended rate5.660%7.388%7.560%
1st payment$430.55$430.55$772.80
2nd payment$0.00$436.58$0.00
Taxes / mo$135.50$135.50$135.50
Insurance / mo$150.00$150.00$150.00
MI / mo$58.06$58.06$22.50
HOA / mo$0.00$0.00$0.00
Total monthly$774.11$1,210.69$1,080.80
Cash to close$70,711$12,500$12,500