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$296,763$296,763$366,750
Remaining term (yrs)28.128.130.0
Secondary amount$0$69,987$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.454%7.640%
1st payment$1,921.80$1,921.80$2,539.30
2nd payment$0.00$524.90$0.00
Taxes / mo$242.83$242.83$242.83
Insurance / mo$150.00$150.00$150.00
MI / mo$138.78$138.78$73.35
HOA / mo$0.00$0.00$0.00
Total monthly$2,453.42$2,978.32$3,005.49
Cash to close$110,737$40,750$40,750