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$303,581$303,581$314,999
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,918$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.123%7.640%
1st payment$1,931.37$1,931.37$2,180.99
2nd payment$0.00$286.17$0.00
Taxes / mo$346.25$346.25$346.25
Insurance / mo$150.00$150.00$150.00
MI / mo$145.76$145.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,573.38$2,859.55$2,740.24
Cash to close$46,418$17,500$35,000