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$305,733$305,733$328,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$41,017$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%8.026%7.640%
1st payment$2,094.91$2,094.91$2,274.47
2nd payment$0.00$405.89$0.00
Taxes / mo$195.33$195.33$195.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.91$144.91$65.70
HOA / mo$16.67$16.67$16.67
Total monthly$2,601.82$3,007.72$2,702.17
Cash to close$59,267$18,250$36,500