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$305,123$305,123$350,999
Remaining term (yrs)26.626.630.0
Secondary amount$0$45,876$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.340%7.640%
1st payment$2,014.92$2,014.92$2,430.25
2nd payment$0.00$344.07$0.00
Taxes / mo$175.75$175.75$175.75
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$70.20
HOA / mo$458.00$458.00$458.00
Total monthly$2,944.17$3,288.24$3,284.20
Cash to close$84,876$39,000$39,000