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$282,439$282,439$291,600
Remaining term (yrs)28.028.030.0
Secondary amount$0$25,361$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.430%5.961%7.640%
1st payment$1,538.96$1,538.96$2,018.98
2nd payment$0.00$250.97$0.00
Taxes / mo$216.27$216.27$216.27
Insurance / mo$150.00$150.00$150.00
MI / mo$133.21$133.21$58.32
HOA / mo$89.33$89.33$89.33
Total monthly$2,127.77$2,378.74$2,532.90
Cash to close$41,561$16,200$32,400