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$308,121$308,121$346,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$38,289$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.666%7.560%
1st payment$2,087.95$2,087.95$2,379.60
2nd payment$0.00$287.17$0.00
Taxes / mo$591.50$591.50$591.50
Insurance / mo$150.00$150.00$150.00
MI / mo$144.57$144.57$69.28
HOA / mo$11.00$11.00$11.00
Total monthly$2,985.02$3,272.19$3,201.38
Cash to close$76,779$38,490$38,490