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$308,747$308,747$373,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$64,753$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.529%7.640%
1st payment$2,046.50$2,046.50$2,586.04
2nd payment$0.00$485.65$0.00
Taxes / mo$79.83$79.83$79.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.81$145.81$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,422.15$2,907.80$2,890.57
Cash to close$106,253$41,500$41,500