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$288,357$288,357$296,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$25,048$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.675%7.560%
1st payment$1,897.65$1,897.65$2,039.57
2nd payment$0.00$247.87$0.00
Taxes / mo$84.58$84.58$84.58
Insurance / mo$150.00$150.00$150.00
MI / mo$133.96$133.96$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.19$2,514.06$2,333.53
Cash to close$41,543$16,495$32,990