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$311,594$311,594$378,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$66,406$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.599%7.640%
1st payment$2,042.77$2,042.77$2,617.20
2nd payment$0.00$498.04$0.00
Taxes / mo$215.58$215.58$215.58
Insurance / mo$150.00$150.00$150.00
MI / mo$144.35$144.35$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,552.70$3,050.74$3,058.38
Cash to close$108,406$42,000$42,000