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$284,115$284,115$369,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$84,885$0
Funding fee$0$0$0
Note rate5.110%5.110%7.320%
Blended rate5.960%6.659%7.560%
1st payment$1,655.08$1,655.08$2,534.77
2nd payment$0.00$636.64$0.00
Taxes / mo$76.40$76.40$76.40
Insurance / mo$150.00$150.00$150.00
MI / mo$215.68$215.68$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.15$2,733.79$2,834.97
Cash to close$125,885$41,000$41,000