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$298,434$298,434$319,410
Remaining term (yrs)29.129.130.0
Secondary amount$0$38,721$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.401%7.640%
1st payment$1,857.53$1,857.53$2,211.53
2nd payment$0.00$383.18$0.00
Taxes / mo$82.75$82.75$82.75
Insurance / mo$150.00$150.00$150.00
MI / mo$137.98$137.98$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$2,228.26$2,611.44$2,508.16
Cash to close$56,466$17,745$35,490