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$303,572$303,572$315,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$28,928$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.470%7.640%
1st payment$1,929.39$1,929.39$2,181.00
2nd payment$0.00$286.27$0.00
Taxes / mo$575.66$575.66$575.66
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$63.00
HOA / mo$89.33$89.33$89.33
Total monthly$2,884.28$3,170.55$3,058.99
Cash to close$46,428$17,500$35,000