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$285,447$285,447$296,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$27,103$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.468%7.560%
1st payment$1,824.62$1,824.62$2,034.00
2nd payment$0.00$268.20$0.00
Taxes / mo$191.97$191.97$191.97
Insurance / mo$150.00$150.00$150.00
MI / mo$132.31$132.31$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,298.90$2,567.10$2,435.19
Cash to close$43,553$16,450$32,900