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$289,917$289,917$351,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$61,083$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.794%7.640%
1st payment$2,020.68$2,020.68$2,430.25
2nd payment$0.00$458.12$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$136.41$136.41$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,632.09$3,090.21$2,975.45
Cash to close$100,083$39,000$39,000