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$300,433$300,433$314,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$31,972$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.330%7.496%7.640%
1st payment$1,981.78$1,981.78$2,180.37
2nd payment$0.00$316.39$0.00
Taxes / mo$207.42$207.42$207.42
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$62.98
HOA / mo$50.00$50.00$50.00
Total monthly$2,533.20$2,849.59$2,650.77
Cash to close$49,467$17,495$34,990