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$282,848$282,848$351,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$68,152$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.525%7.640%
1st payment$1,855.86$1,855.86$2,430.25
2nd payment$0.00$511.14$0.00
Taxes / mo$279.42$279.42$279.42
Insurance / mo$150.00$150.00$150.00
MI / mo$132.91$132.91$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,418.19$2,929.32$2,929.87
Cash to close$107,152$39,000$39,000