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$295,923$295,923$310,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$31,827$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.609%7.640%
1st payment$1,950.25$1,950.25$2,149.84
2nd payment$0.00$314.96$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.96$139.96$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,527.71$2,842.67$2,649.44
Cash to close$49,077$17,250$34,500