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$281,639$281,639$292,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$27,111$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.756%7.560%
1st payment$1,859.23$1,859.23$2,009.27
2nd payment$0.00$268.29$0.00
Taxes / mo$161.17$161.17$161.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$58.50
HOA / mo$8.33$8.33$8.33
Total monthly$2,309.31$2,577.60$2,387.27
Cash to close$43,361$16,250$32,500