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$40,706$40,706$94,500
Remaining term (yrs)9.79.730.0
Secondary amount$0$53,794$0
Funding fee$0$0$0
Note rate5.620%5.620%7.400%
Blended rate6.470%7.910%7.640%
1st payment$449.81$449.81$654.30
2nd payment$0.00$403.45$0.00
Taxes / mo$20.17$20.17$20.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.38$55.38$18.90
HOA / mo$0.00$0.00$0.00
Total monthly$675.36$1,078.81$843.37
Cash to close$64,294$10,500$10,500