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$285,855$285,855$347,400
Remaining term (yrs)28.428.430.0
Secondary amount$0$61,545$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.609%7.640%
1st payment$1,884.76$1,884.76$2,405.33
2nd payment$0.00$461.59$0.00
Taxes / mo$402.67$402.67$402.67
Insurance / mo$150.00$150.00$150.00
MI / mo$133.05$133.05$69.48
HOA / mo$52.00$52.00$52.00
Total monthly$2,622.48$3,084.06$3,079.47
Cash to close$100,145$38,600$38,600