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$278,662$278,662$301,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,588$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%8.018%7.640%
1st payment$1,879.15$1,879.15$2,087.53
2nd payment$0.00$391.75$0.00
Taxes / mo$348.07$348.07$348.07
Insurance / mo$150.00$150.00$150.00
MI / mo$130.51$130.51$60.30
HOA / mo$73.33$73.33$73.33
Total monthly$2,581.07$2,972.82$2,719.23
Cash to close$56,338$16,750$33,500