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$301,040$301,040$328,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$27,370$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.790%7.891%7.560%
1st payment$2,079.06$2,079.06$2,255.95
2nd payment$0.00$205.27$0.00
Taxes / mo$96.42$96.42$96.42
Insurance / mo$150.00$150.00$150.00
MI / mo$222.70$222.70$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,548.17$2,753.45$2,568.05
Cash to close$63,860$36,490$36,490