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$299,433$299,433$320,220
Remaining term (yrs)28.028.030.0
Secondary amount$0$38,577$0
Funding fee$0$0$0
Note rate6.200%6.200%7.320%
Blended rate6.750%7.335%7.560%
1st payment$1,875.69$1,875.69$2,199.69
2nd payment$0.00$381.75$0.00
Taxes / mo$95.42$95.42$95.42
Insurance / mo$150.00$150.00$150.00
MI / mo$140.36$140.36$64.04
HOA / mo$27.00$27.00$27.00
Total monthly$2,288.47$2,670.22$2,536.15
Cash to close$56,367$17,790$35,580