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$290,578$290,578$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$41,922$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.335%7.640%
1st payment$1,850.46$1,850.46$2,181.00
2nd payment$0.00$414.85$0.00
Taxes / mo$476.67$476.67$476.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.51$139.51$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,616.64$3,031.49$2,870.66
Cash to close$59,422$17,500$35,000