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$294,633$294,633$328,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$33,867$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.655%7.560%
1st payment$1,992.66$1,992.66$2,256.57
2nd payment$0.00$254.01$0.00
Taxes / mo$190.08$190.08$190.08
Insurance / mo$150.00$150.00$150.00
MI / mo$137.97$137.97$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,470.71$2,724.72$2,662.35
Cash to close$70,367$36,500$36,500