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$300,387$300,387$328,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,113$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.574%7.640%
1st payment$2,019.74$2,019.74$2,274.47
2nd payment$0.00$210.84$0.00
Taxes / mo$289.42$289.42$289.42
Insurance / mo$150.00$150.00$150.00
MI / mo$140.70$140.70$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,599.86$2,810.71$2,779.58
Cash to close$64,613$36,500$36,500