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$307,267$307,267$319,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,888$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.478%7.640%
1st payment$1,985.98$1,985.98$2,211.53
2nd payment$0.00$295.77$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$2,400.66$2,696.43$2,546.08
Cash to close$47,633$17,745$35,490