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$306,095$306,095$323,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$35,904$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.691%7.640%
1st payment$1,996.18$1,996.18$2,243.30
2nd payment$0.00$355.30$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$142.52$142.52$64.80
HOA / mo$70.00$70.00$70.00
Total monthly$2,453.11$2,808.41$2,622.52
Cash to close$53,904$18,000$36,000