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$294,036$294,036$305,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,869$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.654%7.640%
1st payment$1,950.73$1,950.73$2,118.06
2nd payment$0.00$285.68$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$150.00$150.00$150.00
MI / mo$138.70$138.70$61.18
HOA / mo$240.00$240.00$240.00
Total monthly$2,620.51$2,906.19$2,710.32
Cash to close$45,864$16,995$33,990