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$305,200$305,200$341,998
Remaining term (yrs)27.127.130.0
Secondary amount$0$36,799$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%7.884%7.560%
1st payment$2,132.78$2,132.78$2,349.29
2nd payment$0.00$275.99$0.00
Taxes / mo$291.92$291.92$291.92
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,718.71$2,994.70$2,859.61
Cash to close$74,798$38,000$38,000