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$282,618$282,618$301,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$35,632$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.688%7.640%
1st payment$1,862.38$1,862.38$2,087.53
2nd payment$0.00$352.60$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$133.52$133.52$60.30
HOA / mo$66.67$66.67$66.67
Total monthly$2,491.73$2,844.33$2,643.66
Cash to close$52,382$16,750$33,500