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$295,919$295,919$359,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$63,181$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.772%7.560%
1st payment$1,995.67$1,995.67$2,466.77
2nd payment$0.00$473.85$0.00
Taxes / mo$129.33$129.33$129.33
Insurance / mo$150.00$150.00$150.00
MI / mo$138.04$138.04$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,413.04$2,886.90$2,817.92
Cash to close$103,081$39,900$39,900