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$282,056$282,056$298,980
Remaining term (yrs)26.026.030.0
Secondary amount$0$33,534$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.482%7.640%
1st payment$1,801.84$1,801.84$2,070.08
2nd payment$0.00$331.85$0.00
Taxes / mo$276.83$276.83$276.83
Insurance / mo$150.00$150.00$150.00
MI / mo$210.39$210.39$59.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,439.07$2,770.91$2,556.71
Cash to close$50,144$16,610$33,220