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$299,450$299,450$423,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$123,550$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%8.219%7.560%
1st payment$2,204.28$2,204.28$2,905.72
2nd payment$0.00$823.67$0.00
Taxes / mo$479.00$479.00$479.00
Insurance / mo$166.67$166.67$166.67
MI / mo$140.89$140.89$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,990.83$3,814.49$3,635.98
Cash to close$170,550$47,000$47,000