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$293,053$293,053$303,300
Remaining term (yrs)26.426.430.0
Secondary amount$0$27,097$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.596%7.560%
1st payment$1,960.28$1,960.28$2,083.46
2nd payment$0.00$268.15$0.00
Taxes / mo$645.92$645.92$645.92
Insurance / mo$150.00$150.00$150.00
MI / mo$139.95$139.95$60.66
HOA / mo$20.83$20.83$20.83
Total monthly$2,916.98$3,185.13$2,960.87
Cash to close$43,947$16,850$33,700