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$298,107$298,107$355,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$57,393$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.742%7.560%
1st payment$2,018.11$2,018.11$2,442.04
2nd payment$0.00$430.45$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$150.00$150.00$150.00
MI / mo$139.73$139.73$71.10
HOA / mo$115.00$115.00$115.00
Total monthly$2,712.68$3,143.13$3,067.97
Cash to close$96,893$39,500$39,500