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$297,332$297,332$359,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$61,768$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.617%7.640%
1st payment$1,975.83$1,975.83$2,486.34
2nd payment$0.00$463.26$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.19$139.19$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,597.53$3,060.79$3,040.66
Cash to close$101,668$39,900$39,900