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$279,356$279,356$297,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$34,144$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.763%7.640%
1st payment$1,871.01$1,871.01$2,056.37
2nd payment$0.00$337.88$0.00
Taxes / mo$213.96$213.96$213.96
Insurance / mo$150.00$150.00$150.00
MI / mo$132.76$132.76$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,367.73$2,705.61$2,479.73
Cash to close$50,644$16,500$33,000