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$306,900$306,900$315,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$25,600$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.421%7.640%
1st payment$1,941.57$1,941.57$2,181.00
2nd payment$0.00$253.33$0.00
Taxes / mo$592.17$592.17$592.17
Insurance / mo$150.00$150.00$150.00
MI / mo$140.79$140.79$63.00
HOA / mo$58.33$58.33$58.33
Total monthly$2,882.86$3,136.19$3,044.49
Cash to close$43,100$17,500$35,000