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$61,383$61,383$135,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$73,617$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.568%7.640%
1st payment$521.82$521.82$934.71
2nd payment$0.00$552.13$0.00
Taxes / mo$53.67$53.67$53.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.85$68.85$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$794.34$1,346.47$1,165.38
Cash to close$88,617$15,000$15,000