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$298,156$298,156$342,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$43,844$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.832%7.640%
1st payment$2,031.88$2,031.88$2,367.94
2nd payment$0.00$328.83$0.00
Taxes / mo$158.25$158.25$158.25
Insurance / mo$150.00$150.00$150.00
MI / mo$220.54$220.54$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,560.67$2,889.50$2,744.59
Cash to close$81,844$38,000$38,000