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$295,673$295,673$306,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,327$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.586%7.640%
1st payment$1,952.03$1,952.03$2,118.68
2nd payment$0.00$270.42$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$139.51$139.51$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,524.87$2,795.30$2,613.22
Cash to close$44,327$17,000$34,000