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$290,651$290,651$346,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$55,849$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.524%7.560%
1st payment$1,908.65$1,908.65$2,380.21
2nd payment$0.00$418.87$0.00
Taxes / mo$245.75$245.75$245.75
Insurance / mo$150.00$150.00$150.00
MI / mo$135.71$135.71$69.30
HOA / mo$485.00$485.00$485.00
Total monthly$2,925.11$3,343.98$3,330.26
Cash to close$94,349$38,500$38,500