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$281,697$281,697$295,200
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,903$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.992%7.640%
1st payment$1,935.14$1,935.14$2,043.91
2nd payment$0.00$295.92$0.00
Taxes / mo$142.92$142.92$142.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.91$132.91$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,360.96$2,656.88$2,395.86
Cash to close$46,303$16,400$32,800