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$49,978$49,978$71,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$25,072$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.904%7.640%
1st payment$248.75$248.75$492.28
2nd payment$0.00$248.11$0.00
Taxes / mo$30.42$30.42$30.42
Insurance / mo$150.00$150.00$150.00
MI / mo$38.95$38.95$14.22
HOA / mo$0.00$0.00$0.00
Total monthly$468.12$716.23$686.92
Cash to close$29,022$3,950$7,900