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$306,326$306,326$360,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$53,674$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%7.528%7.640%
1st payment$2,009.02$2,009.02$2,492.57
2nd payment$0.00$402.55$0.00
Taxes / mo$103.92$103.92$103.92
Insurance / mo$150.00$150.00$150.00
MI / mo$227.03$227.03$72.00
HOA / mo$12.50$12.50$12.50
Total monthly$2,502.47$2,905.02$2,830.98
Cash to close$93,674$40,000$40,000