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$291,721$291,721$315,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,779$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.510%7.640%
1st payment$1,834.48$1,834.48$2,181.00
2nd payment$0.00$403.55$0.00
Taxes / mo$453.33$453.33$453.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.13$135.13$63.00
HOA / mo$11.50$11.50$11.50
Total monthly$2,584.43$2,987.98$2,858.83
Cash to close$58,279$17,500$35,000