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$308,782$308,782$413,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$105,128$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.388%7.640%
1st payment$2,007.71$2,007.71$2,865.83
2nd payment$0.00$700.85$0.00
Taxes / mo$92.17$92.17$92.17
Insurance / mo$166.67$166.67$166.67
MI / mo$143.64$143.64$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,410.18$3,111.03$3,207.44
Cash to close$151,118$45,990$45,990