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$288,816$288,816$310,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$38,934$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.808%7.640%
1st payment$1,934.37$1,934.37$2,149.84
2nd payment$0.00$385.28$0.00
Taxes / mo$388.83$388.83$388.83
Insurance / mo$150.00$150.00$150.00
MI / mo$137.25$137.25$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,610.46$2,995.74$2,750.77
Cash to close$56,184$17,250$34,500