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$280,402$280,402$306,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$25,598$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.510%7.635%7.640%
1st payment$1,888.38$1,888.38$2,118.68
2nd payment$0.00$191.98$0.00
Taxes / mo$365.75$365.75$365.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.15$208.15$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,612.28$2,804.27$2,695.63
Cash to close$59,598$34,000$34,000