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$307,072$307,072$337,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,428$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.089%7.560%
1st payment$1,955.09$1,955.09$2,318.39
2nd payment$0.00$228.21$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.77$2,557.98$2,616.56
Cash to close$67,928$37,500$37,500