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$290,554$290,554$306,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$32,446$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate7.120%7.598%7.640%
1st payment$1,878.11$1,878.11$2,118.68
2nd payment$0.00$321.08$0.00
Taxes / mo$338.08$338.08$338.08
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,581.80$2,902.88$2,667.97
Cash to close$49,446$17,000$34,000