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$285,660$285,660$391,500
Remaining term (yrs)29.829.830.0
Secondary amount$0$105,840$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.070%7.321%7.640%
1st payment$1,810.95$1,810.95$2,710.67
2nd payment$0.00$705.60$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$131.05$131.05$78.30
HOA / mo$14.17$14.17$14.17
Total monthly$2,468.67$3,174.27$3,315.64
Cash to close$149,340$43,500$43,500