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$287,859$287,859$300,600
Remaining term (yrs)25.825.830.0
Secondary amount$0$29,441$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.881%7.560%
1st payment$1,742.19$1,742.19$2,064.91
2nd payment$0.00$291.34$0.00
Taxes / mo$327.83$327.83$327.83
Insurance / mo$150.00$150.00$150.00
MI / mo$216.86$216.86$60.12
HOA / mo$139.00$139.00$139.00
Total monthly$2,575.89$2,867.23$2,741.87
Cash to close$46,141$16,700$33,400