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$281,737$281,737$328,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,763$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.027%7.640%
1st payment$1,797.68$1,797.68$2,274.47
2nd payment$0.00$350.72$0.00
Taxes / mo$269.75$269.75$269.75
Insurance / mo$150.00$150.00$150.00
MI / mo$135.24$135.24$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,352.67$2,703.39$2,759.92
Cash to close$83,263$36,500$36,500