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$302,148$302,148$314,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$29,402$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.924%7.640%
1st payment$2,057.43$2,057.43$2,174.76
2nd payment$0.00$290.95$0.00
Taxes / mo$201.42$201.42$201.42
Insurance / mo$150.00$150.00$150.00
MI / mo$141.88$141.88$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,550.72$2,841.68$2,589.00
Cash to close$46,852$17,450$34,900