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$280,919$280,919$301,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$37,331$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.413%7.560%
1st payment$1,802.68$1,802.68$2,071.10
2nd payment$0.00$369.42$0.00
Taxes / mo$425.52$425.52$425.52
Insurance / mo$150.00$150.00$150.00
MI / mo$133.91$133.91$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,512.10$2,881.52$2,706.92
Cash to close$54,081$16,750$33,500