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$279,056$279,056$319,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$40,444$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.506%7.640%
1st payment$1,856.51$1,856.51$2,212.15
2nd payment$0.00$303.33$0.00
Taxes / mo$142.83$142.83$142.83
Insurance / mo$150.00$150.00$150.00
MI / mo$131.33$131.33$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,280.67$2,584.00$2,568.89
Cash to close$75,944$35,500$35,500