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$288,388$288,388$350,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$61,712$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.575%7.560%
1st payment$1,884.94$1,884.94$2,404.94
2nd payment$0.00$462.84$0.00
Taxes / mo$370.17$370.17$370.17
Insurance / mo$150.00$150.00$150.00
MI / mo$133.61$133.61$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,538.71$3,001.55$2,995.13
Cash to close$100,612$38,900$38,900