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$293,700$293,700$337,499
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,799$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.938%7.640%
1st payment$2,064.35$2,064.35$2,336.78
2nd payment$0.00$328.50$0.00
Taxes / mo$226.17$226.17$226.17
Insurance / mo$150.00$150.00$150.00
MI / mo$138.97$138.97$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,579.49$2,907.99$2,780.44
Cash to close$81,299$37,500$37,500