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$0$0$287,910
Remaining term (yrs)——30.0
Secondary amount$0$287,910$0
Funding fee$0$0$0
Note rate5.125%5.125%7.400%
Blended rate5.975%7.750%7.640%
1st payment$0.00$0.00$1,993.43
2nd payment$0.00$1,859.42$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$282.00$282.00$282.00
Total monthly$723.00$2,582.42$2,774.01
Cash to close$319,900$31,990$31,990