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$304,989$304,989$360,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$55,011$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%7.534%7.640%
1st payment$2,000.25$2,000.25$2,492.57
2nd payment$0.00$412.58$0.00
Taxes / mo$90.81$90.81$90.81
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,467.10$2,879.68$2,805.38
Cash to close$95,011$40,000$40,000