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$295,987$295,987$307,800
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,913$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.607%7.560%
1st payment$1,952.03$1,952.03$2,114.37
2nd payment$0.00$286.12$0.00
Taxes / mo$325.36$325.36$325.36
Insurance / mo$150.00$150.00$150.00
MI / mo$139.51$139.51$61.56
HOA / mo$0.00$0.00$0.00
Total monthly$2,566.90$2,853.01$2,651.29
Cash to close$46,013$17,100$34,200