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$308,971$308,971$332,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$41,579$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.490%7.640%
1st payment$2,000.67$2,000.67$2,299.39
2nd payment$0.00$411.45$0.00
Taxes / mo$391.75$391.75$391.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.37$147.37$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,689.79$3,101.25$2,907.56
Cash to close$60,029$18,450$36,900