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$58,294$58,294$134,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$76,616$0
Funding fee$0$0$0
Note rate4.220%4.220%7.320%
Blended rate5.070%7.302%7.560%
1st payment$344.11$344.11$926.74
2nd payment$0.00$574.62$0.00
Taxes / mo$3.58$3.58$3.58
Insurance / mo$150.00$150.00$150.00
MI / mo$49.73$49.73$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$547.42$1,122.04$1,107.30
Cash to close$91,606$14,990$14,990