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$306,076$306,076$315,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,424$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.295%7.640%
1st payment$1,950.85$1,950.85$2,181.00
2nd payment$0.00$261.49$0.00
Taxes / mo$202.08$202.08$202.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.70$143.70$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,446.63$2,708.12$2,596.08
Cash to close$43,924$17,500$35,000