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$292,756$292,756$337,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$44,744$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.603%7.560%
1st payment$2,029.22$2,029.22$2,318.39
2nd payment$0.00$335.58$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$137.29$137.29$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,416.18$2,751.76$2,635.56
Cash to close$82,244$37,500$37,500