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$277,364$277,364$292,860
Remaining term (yrs)28.628.630.0
Secondary amount$0$31,766$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.380%7.842%7.640%
1st payment$1,838.08$1,838.08$2,027.70
2nd payment$0.00$314.35$0.00
Taxes / mo$452.92$452.92$452.92
Insurance / mo$150.00$150.00$150.00
MI / mo$128.83$128.83$58.57
HOA / mo$222.00$222.00$222.00
Total monthly$2,791.82$3,106.17$2,911.19
Cash to close$48,036$16,270$32,540