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$298,296$298,296$314,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$33,254$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.723%7.640%
1st payment$1,997.86$1,997.86$2,174.76
2nd payment$0.00$329.08$0.00
Taxes / mo$121.58$121.58$121.58
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$2,411.20$2,740.28$2,509.17
Cash to close$50,704$17,450$34,900