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$305,879$305,879$314,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,620$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.556%7.640%
1st payment$2,017.44$2,017.44$2,180.99
2nd payment$0.00$263.43$0.00
Taxes / mo$153.92$153.92$153.92
Insurance / mo$150.00$150.00$150.00
MI / mo$144.33$144.33$63.00
HOA / mo$31.25$31.25$31.25
Total monthly$2,496.94$2,760.36$2,579.16
Cash to close$44,120$17,500$35,000