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$281,673$281,673$292,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$27,077$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%7.236%7.640%
1st payment$1,746.00$1,746.00$2,025.21
2nd payment$0.00$267.95$0.00
Taxes / mo$331.61$331.61$331.61
Insurance / mo$150.00$150.00$150.00
MI / mo$130.11$130.11$58.50
HOA / mo$8.33$8.33$8.33
Total monthly$2,366.05$2,634.00$2,573.65
Cash to close$43,327$16,250$32,500