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$296,345$296,345$314,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$36,060$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.663%7.640%
1st payment$1,944.67$1,944.67$2,180.37
2nd payment$0.00$356.85$0.00
Taxes / mo$444.75$444.75$444.75
Insurance / mo$150.00$150.00$150.00
MI / mo$140.99$140.99$62.98
HOA / mo$58.33$58.33$58.33
Total monthly$2,738.74$3,095.59$2,896.44
Cash to close$53,555$17,495$34,990