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$281,526$281,526$315,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$33,474$0
Funding fee$0$0$0
Note rate7.490%7.490%7.400%
Blended rate8.040%8.142%7.640%
1st payment$2,023.33$2,023.33$2,181.00
2nd payment$0.00$251.06$0.00
Taxes / mo$424.75$424.75$424.75
Insurance / mo$150.00$150.00$150.00
MI / mo$132.76$132.76$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,730.84$2,981.90$2,818.75
Cash to close$68,474$35,000$35,000