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$292,364$292,364$341,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$49,546$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.033%7.640%
1st payment$1,856.28$1,856.28$2,367.32
2nd payment$0.00$371.59$0.00
Taxes / mo$207.67$207.67$207.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.65$139.65$68.38
HOA / mo$28.08$28.08$28.08
Total monthly$2,381.68$2,753.27$2,821.44
Cash to close$87,536$37,990$37,990