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$289,739$289,739$359,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$70,171$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.406%7.640%
1st payment$2,016.98$2,016.98$2,491.94
2nd payment$0.00$526.28$0.00
Taxes / mo$388.50$388.50$388.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.29$137.29$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,692.78$3,219.06$3,102.43
Cash to close$110,161$39,990$39,990