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$295,695$295,695$341,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$46,215$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.037%7.640%
1st payment$1,823.31$1,823.31$2,367.32
2nd payment$0.00$346.61$0.00
Taxes / mo$223.00$223.00$223.00
Insurance / mo$150.00$150.00$150.00
MI / mo$136.74$136.74$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,333.05$2,679.66$2,808.70
Cash to close$84,205$37,990$37,990