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$298,928$298,928$328,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,572$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.125%7.560%
1st payment$1,945.51$1,945.51$2,256.57
2nd payment$0.00$221.79$0.00
Taxes / mo$160.50$160.50$160.50
Insurance / mo$150.00$150.00$150.00
MI / mo$142.70$142.70$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.71$2,620.50$2,632.77
Cash to close$66,072$36,500$36,500