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$304,216$304,216$341,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$36,884$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.750%7.885%7.560%
1st payment$2,090.79$2,090.79$2,343.12
2nd payment$0.00$276.63$0.00
Taxes / mo$279.83$279.83$279.83
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$68.22
HOA / mo$24.08$24.08$24.08
Total monthly$2,769.57$3,046.21$2,865.25
Cash to close$74,784$37,900$37,900