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$305,023$305,023$364,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$59,477$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.561%7.640%
1st payment$2,055.99$2,055.99$2,523.72
2nd payment$0.00$446.07$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$145.59$145.59$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,689.07$3,135.15$3,084.12
Cash to close$99,977$40,500$40,500