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$289,432$289,432$351,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$61,568$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.945%7.640%
1st payment$2,005.17$2,005.17$2,430.25
2nd payment$0.00$461.76$0.00
Taxes / mo$417.83$417.83$417.83
Insurance / mo$150.00$150.00$150.00
MI / mo$135.80$135.80$70.20
HOA / mo$83.00$83.00$83.00
Total monthly$2,791.80$3,253.56$3,151.29
Cash to close$100,568$39,000$39,000