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$303,031$303,031$315,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,469$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.669%7.640%
1st payment$2,029.57$2,029.57$2,181.00
2nd payment$0.00$291.62$0.00
Taxes / mo$370.74$370.74$370.74
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,694.32$2,985.94$2,764.73
Cash to close$46,969$17,500$35,000