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$294,801$294,801$346,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$51,699$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.469%7.640%
1st payment$1,922.52$1,922.52$2,399.10
2nd payment$0.00$387.74$0.00
Taxes / mo$11.02$11.02$11.02
Insurance / mo$150.00$150.00$150.00
MI / mo$137.26$137.26$69.30
HOA / mo$60.00$60.00$60.00
Total monthly$2,280.80$2,668.54$2,689.41
Cash to close$90,199$38,500$38,500