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$297,402$297,402$314,999
Remaining term (yrs)26.626.630.0
Secondary amount$0$35,097$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.649%7.640%
1st payment$1,975.33$1,975.33$2,180.99
2nd payment$0.00$347.31$0.00
Taxes / mo$140.67$140.67$140.67
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,407.76$2,755.07$2,534.66
Cash to close$52,597$17,500$35,000