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$291,598$291,598$328,410
Remaining term (yrs)27.327.330.0
Secondary amount$0$36,812$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.668%7.640%
1st payment$1,985.88$1,985.88$2,273.84
2nd payment$0.00$276.09$0.00
Taxes / mo$143.25$143.25$143.25
Insurance / mo$150.00$150.00$150.00
MI / mo$137.50$137.50$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,416.63$2,692.72$2,632.78
Cash to close$73,302$36,490$36,490