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$297,644$297,644$386,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$89,266$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.592%7.640%
1st payment$1,963.31$1,963.31$2,678.89
2nd payment$0.00$669.50$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$140.61$140.61$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,612.16$3,281.66$3,264.52
Cash to close$132,256$42,990$42,990