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$287,373$287,373$328,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$41,127$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.137%7.640%
1st payment$1,857.57$1,857.57$2,274.47
2nd payment$0.00$308.45$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$137.26$137.26$65.70
HOA / mo$220.00$220.00$220.00
Total monthly$2,669.00$2,977.45$3,014.33
Cash to close$77,627$36,500$36,500