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$307,681$307,681$386,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$79,229$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.197%7.640%
1st payment$2,194.88$2,194.88$2,678.89
2nd payment$0.00$594.22$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$144.72$144.72$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,847.85$3,442.07$3,264.52
Cash to close$122,219$42,990$42,990