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$45,757$45,757$89,910
Remaining term (yrs)21.821.830.0
Secondary amount$0$44,153$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%7.204%7.640%
1st payment$276.99$276.99$622.52
2nd payment$0.00$331.15$0.00
Taxes / mo$23.25$23.25$23.25
Insurance / mo$150.00$150.00$150.00
MI / mo$38.18$38.18$17.98
HOA / mo$0.00$0.00$0.00
Total monthly$488.42$819.57$813.75
Cash to close$54,143$9,990$9,990