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$302,288$302,288$450,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$147,712$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.469%7.640%
1st payment$1,971.08$1,971.08$3,115.71
2nd payment$0.00$984.74$0.00
Taxes / mo$99.58$99.58$99.58
Insurance / mo$166.67$166.67$166.67
MI / mo$224.15$224.15$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,461.48$3,446.23$3,471.96
Cash to close$197,712$50,000$50,000