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$296,606$296,606$309,510
Remaining term (yrs)29.129.130.0
Secondary amount$0$30,099$0
Funding fee$0$0$0
Note rate5.750%5.750%7.320%
Blended rate6.300%6.814%7.560%
1st payment$1,747.65$1,747.65$2,126.12
2nd payment$0.00$297.85$0.00
Taxes / mo$62.42$62.42$62.42
Insurance / mo$150.00$150.00$150.00
MI / mo$137.26$137.26$61.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.33$2,395.18$2,400.44
Cash to close$47,294$17,195$34,390