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$293,208$293,208$323,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,702$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.891%7.560%
1st payment$1,819.75$1,819.75$2,225.04
2nd payment$0.00$230.26$0.00
Taxes / mo$186.50$186.50$186.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.34$137.34$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,293.60$2,523.86$2,626.32
Cash to close$66,692$35,990$35,990