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$306,198$306,198$323,910
Remaining term (yrs)29.729.730.0
Secondary amount$0$35,707$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.375%7.640%
1st payment$1,898.86$1,898.86$2,242.69
2nd payment$0.00$353.35$0.00
Taxes / mo$333.67$333.67$333.67
Insurance / mo$150.00$150.00$150.00
MI / mo$140.61$140.61$64.78
HOA / mo$87.00$87.00$87.00
Total monthly$2,610.13$2,963.48$2,878.14
Cash to close$53,702$17,995$35,990