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$298,101$298,101$312,300
Remaining term (yrs)28.628.630.0
Secondary amount$0$31,549$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.512%7.640%
1st payment$1,911.12$1,911.12$2,162.30
2nd payment$0.00$312.21$0.00
Taxes / mo$168.92$168.92$168.92
Insurance / mo$150.00$150.00$150.00
MI / mo$138.58$138.58$62.46
HOA / mo$525.00$525.00$525.00
Total monthly$2,893.62$3,205.83$3,068.68
Cash to close$48,899$17,350$34,700