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$301,610$301,610$310,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,140$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.702%7.560%
1st payment$2,014.31$2,014.31$2,132.92
2nd payment$0.00$258.68$0.00
Taxes / mo$314.50$314.50$314.50
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,620.57$2,879.24$2,659.52
Cash to close$43,390$17,250$34,500