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$299,648$299,648$337,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$37,852$0
Funding fee$0$0$0
Note rate7.490%7.490%7.400%
Blended rate8.040%8.148%7.640%
1st payment$2,153.58$2,153.58$2,336.78
2nd payment$0.00$283.89$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$141.31$141.31$67.50
HOA / mo$280.00$280.00$280.00
Total monthly$2,908.47$3,192.36$3,017.87
Cash to close$75,352$37,500$37,500