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$304,840$304,840$314,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,710$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate7.210%7.310%7.560%
1st payment$1,987.72$1,987.72$2,157.65
2nd payment$0.00$264.32$0.00
Taxes / mo$148.74$148.74$148.74
Insurance / mo$150.00$150.00$150.00
MI / mo$146.26$146.26$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,432.72$2,697.04$2,519.21
Cash to close$44,160$17,450$34,900