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$294,871$294,871$337,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$42,629$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.698%7.560%
1st payment$1,984.89$1,984.89$2,318.39
2nd payment$0.00$319.72$0.00
Taxes / mo$447.75$447.75$447.75
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$2,719.93$3,039.65$2,983.64
Cash to close$80,129$37,500$37,500