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$292,567$292,567$315,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$39,933$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%7.286%7.640%
1st payment$1,783.62$1,783.62$2,181.00
2nd payment$0.00$395.17$0.00
Taxes / mo$270.17$270.17$270.17
Insurance / mo$150.00$150.00$150.00
MI / mo$134.76$134.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,338.54$2,733.71$2,664.16
Cash to close$57,433$17,500$35,000