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$75,059$75,059$116,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$41,940$0
Funding fee$0$0$0
Note rate6.420%6.420%7.240%
Blended rate6.970%7.698%7.480%
1st payment$491.09$491.09$797.35
2nd payment$0.00$314.55$0.00
Taxes / mo$104.00$104.00$104.00
Insurance / mo$150.00$150.00$150.00
MI / mo$35.91$35.91$23.40
HOA / mo$0.00$0.00$0.00
Total monthly$781.00$1,095.55$1,074.75
Cash to close$54,940$13,000$13,000