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$286,761$286,761$315,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$28,239$0
Funding fee$0$0$0
Note rate7.440%7.440%7.320%
Blended rate7.990%8.081%7.560%
1st payment$2,047.56$2,047.56$2,163.83
2nd payment$0.00$211.79$0.00
Taxes / mo$212.80$212.80$212.80
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,545.37$2,757.16$2,589.63
Cash to close$63,239$35,000$35,000