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$305,706$305,706$386,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$80,394$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.678%7.640%
1st payment$2,043.86$2,043.86$2,673.28
2nd payment$0.00$602.96$0.00
Taxes / mo$316.08$316.08$316.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.99$143.99$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,653.93$3,256.89$3,216.58
Cash to close$123,294$42,900$42,900