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$307,995$307,995$316,800
Remaining term (yrs)27.727.730.0
Secondary amount$0$26,405$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.919%7.640%
1st payment$2,103.29$2,103.29$2,193.46
2nd payment$0.00$261.30$0.00
Taxes / mo$157.08$157.08$157.08
Insurance / mo$150.00$150.00$150.00
MI / mo$144.46$144.46$63.36
HOA / mo$20.83$20.83$20.83
Total monthly$2,575.66$2,836.96$2,584.73
Cash to close$44,005$17,600$35,200