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$301,093$301,093$324,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$40,907$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate7.120%7.689%7.560%
1st payment$1,946.23$1,946.23$2,225.66
2nd payment$0.00$404.81$0.00
Taxes / mo$321.33$321.33$321.33
Insurance / mo$150.00$150.00$150.00
MI / mo$223.43$223.43$64.80
HOA / mo$69.00$69.00$69.00
Total monthly$2,709.99$3,114.80$2,830.79
Cash to close$58,907$18,000$36,000