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$54,965$54,965$107,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$52,135$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%6.737%7.640%
1st payment$295.21$295.21$741.54
2nd payment$0.00$391.01$0.00
Taxes / mo$20.58$20.58$20.58
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$21.42
HOA / mo$0.00$0.00$0.00
Total monthly$511.00$902.01$933.54
Cash to close$64,035$11,900$11,900