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$303,981$303,981$377,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$73,119$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.323%7.640%
1st payment$1,898.98$1,898.98$2,610.96
2nd payment$0.00$548.39$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.58$139.58$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,370.32$2,918.71$3,018.13
Cash to close$115,019$41,900$41,900