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$53,379$53,379$94,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$41,121$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%6.763%7.560%
1st payment$323.71$323.71$649.15
2nd payment$0.00$308.41$0.00
Taxes / mo$92.17$92.17$92.17
Insurance / mo$150.00$150.00$150.00
MI / mo$46.95$46.95$18.90
HOA / mo$8.33$8.33$8.33
Total monthly$621.16$929.56$918.55
Cash to close$51,621$10,500$10,500