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$300,321$300,321$354,600
Remaining term (yrs)27.227.230.0
Secondary amount$0$54,279$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.730%7.640%
1st payment$2,047.37$2,047.37$2,455.18
2nd payment$0.00$407.09$0.00
Taxes / mo$324.85$324.85$324.85
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$70.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,663.98$3,071.07$3,000.95
Cash to close$93,679$39,400$39,400