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$291,288$291,288$333,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$41,712$0
Funding fee$0$0$0
Note rate6.060%6.060%7.320%
Blended rate6.610%6.909%7.560%
1st payment$1,768.24$1,768.24$2,287.48
2nd payment$0.00$312.84$0.00
Taxes / mo$175.33$175.33$175.33
Insurance / mo$150.00$150.00$150.00
MI / mo$134.31$134.31$66.60
HOA / mo$6.25$6.25$6.25
Total monthly$2,234.14$2,546.98$2,685.66
Cash to close$78,712$37,000$37,000