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$285,719$285,719$337,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$51,781$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%7.942%7.640%
1st payment$1,965.88$1,965.88$2,336.78
2nd payment$0.00$388.36$0.00
Taxes / mo$111.87$111.87$111.87
Insurance / mo$150.00$150.00$150.00
MI / mo$211.43$211.43$67.50
HOA / mo$19.67$19.67$19.67
Total monthly$2,458.85$2,847.21$2,685.82
Cash to close$89,281$37,500$37,500