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$50,754$50,754$125,910
Remaining term (yrs)15.215.230.0
Secondary amount$0$75,156$0
Funding fee$0$0$0
Note rate3.100%3.100%7.240%
Blended rate3.950%6.964%7.480%
1st payment$348.40$348.40$858.07
2nd payment$0.00$563.67$0.00
Taxes / mo$91.83$91.83$91.83
Insurance / mo$150.00$150.00$150.00
MI / mo$44.10$44.10$25.18
HOA / mo$0.00$0.00$0.00
Total monthly$634.33$1,198.00$1,125.09
Cash to close$89,146$13,990$13,990