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$285,327$285,327$298,710
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,978$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.916%7.640%
1st payment$1,929.72$1,929.72$2,068.21
2nd payment$0.00$296.66$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$133.61$133.61$59.74
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.91$2,626.58$2,394.53
Cash to close$46,573$16,595$33,190