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$283,154$283,154$297,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,346$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.490%7.640%
1st payment$1,824.65$1,824.65$2,056.37
2nd payment$0.00$300.30$0.00
Taxes / mo$416.37$416.37$416.37
Insurance / mo$150.00$150.00$150.00
MI / mo$132.73$132.73$59.40
HOA / mo$74.00$74.00$74.00
Total monthly$2,597.75$2,898.05$2,756.14
Cash to close$46,846$16,500$33,000