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$309,553$309,553$333,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$41,947$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.510%8.031%7.640%
1st payment$2,082.25$2,082.25$2,305.62
2nd payment$0.00$415.10$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,770.10$3,185.20$2,830.56
Cash to close$60,447$18,500$37,000