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$306,745$306,745$315,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$25,755$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.617%7.560%
1st payment$2,054.45$2,054.45$2,163.83
2nd payment$0.00$254.87$0.00
Taxes / mo$427.83$427.83$427.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.78$145.78$63.00
HOA / mo$17.50$17.50$17.50
Total monthly$2,795.56$3,050.42$2,822.16
Cash to close$43,255$17,500$35,000