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$289,831$289,831$300,600
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,469$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.669%7.560%
1st payment$1,910.83$1,910.83$2,064.91
2nd payment$0.00$271.82$0.00
Taxes / mo$380.00$380.00$380.00
Insurance / mo$150.00$150.00$150.00
MI / mo$135.45$135.45$60.12
HOA / mo$83.33$83.33$83.33
Total monthly$2,659.61$2,931.43$2,738.36
Cash to close$44,169$16,700$33,400