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$276,109$276,109$287,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$27,796$0
Funding fee$0$0$0
Note rate6.830%6.830%7.320%
Blended rate7.380%7.791%7.560%
1st payment$1,829.76$1,829.76$1,977.74
2nd payment$0.00$275.06$0.00
Taxes / mo$654.75$654.75$654.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$57.58
HOA / mo$4.67$4.67$4.67
Total monthly$2,767.43$3,042.49$2,844.74
Cash to close$43,791$15,995$31,990