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$289,988$289,988$331,200
Remaining term (yrs)26.226.230.0
Secondary amount$0$41,212$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.063%7.560%
1st payment$2,026.79$2,026.79$2,275.11
2nd payment$0.00$309.09$0.00
Taxes / mo$294.50$294.50$294.50
Insurance / mo$150.00$150.00$150.00
MI / mo$214.06$214.06$66.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,685.34$2,994.43$2,785.85
Cash to close$78,012$36,800$36,800