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$298,216$298,216$314,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$33,334$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.688%7.640%
1st payment$1,989.66$1,989.66$2,174.76
2nd payment$0.00$329.87$0.00
Taxes / mo$83.25$83.25$83.25
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.66$2,694.53$2,470.83
Cash to close$50,784$17,450$34,900