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$293,005$293,005$323,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,095$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.549%7.560%
1st payment$1,956.69$1,956.69$2,219.47
2nd payment$0.00$225.71$0.00
Taxes / mo$26.71$26.71$26.71
Insurance / mo$150.00$150.00$150.00
MI / mo$136.86$136.86$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,270.26$2,495.97$2,460.80
Cash to close$65,995$35,900$35,900