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$295,835$295,835$323,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,075$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.082%7.560%
1st payment$1,883.54$1,883.54$2,225.04
2nd payment$0.00$210.56$0.00
Taxes / mo$364.92$364.92$364.92
Insurance / mo$150.00$150.00$150.00
MI / mo$138.74$138.74$64.78
HOA / mo$27.67$27.67$27.67
Total monthly$2,564.87$2,775.44$2,832.41
Cash to close$64,065$35,990$35,990