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$50,673$50,673$166,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$115,827$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%7.050%7.560%
1st payment$298.35$298.35$1,143.74
2nd payment$0.00$772.18$0.00
Taxes / mo$39.25$39.25$39.25
Insurance / mo$150.00$150.00$150.00
MI / mo$44.11$44.11$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$531.71$1,303.89$1,366.29
Cash to close$134,327$18,500$18,500