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$279,810$279,810$386,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$107,100$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.559%7.640%
1st payment$1,864.93$1,864.93$2,678.89
2nd payment$0.00$714.00$0.00
Taxes / mo$305.71$305.71$305.71
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,451.22$3,165.22$3,211.98
Cash to close$150,090$42,990$42,990