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$296,684$296,684$314,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$35,721$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.363%7.560%
1st payment$1,908.40$1,908.40$2,163.21
2nd payment$0.00$353.49$0.00
Taxes / mo$127.67$127.67$127.67
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,327.83$2,681.31$2,503.86
Cash to close$53,216$17,495$34,990