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$278,598$278,598$301,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,652$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.642%7.640%
1st payment$1,798.89$1,798.89$2,087.53
2nd payment$0.00$392.39$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,358.63$2,751.02$2,576.99
Cash to close$56,402$16,750$33,500