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$287,960$287,960$310,499
Remaining term (yrs)28.028.030.0
Secondary amount$0$39,789$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.372%7.640%
1st payment$1,803.82$1,803.82$2,149.83
2nd payment$0.00$393.75$0.00
Taxes / mo$524.25$524.25$524.25
Insurance / mo$150.00$150.00$150.00
MI / mo$134.99$134.99$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,613.06$3,006.80$2,886.18
Cash to close$57,039$17,250$34,500