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$296,861$296,861$337,410
Remaining term (yrs)29.329.330.0
Secondary amount$0$40,549$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%6.932%7.560%
1st payment$1,809.70$1,809.70$2,317.77
2nd payment$0.00$304.12$0.00
Taxes / mo$95.75$95.75$95.75
Insurance / mo$150.00$150.00$150.00
MI / mo$136.87$136.87$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,192.32$2,496.44$2,631.00
Cash to close$78,039$37,490$37,490