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$303,888$303,888$315,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,612$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.465%7.560%
1st payment$1,950.16$1,950.16$2,163.83
2nd payment$0.00$283.14$0.00
Taxes / mo$35.35$35.35$35.35
Insurance / mo$150.00$150.00$150.00
MI / mo$141.41$141.41$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,276.93$2,560.06$2,412.18
Cash to close$46,112$17,500$35,000