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$281,628$281,628$341,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$59,472$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.729%7.640%
1st payment$1,883.22$1,883.22$2,361.71
2nd payment$0.00$446.04$0.00
Taxes / mo$328.75$328.75$328.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$68.22
HOA / mo$32.92$32.92$32.92
Total monthly$2,603.54$3,049.58$2,941.60
Cash to close$97,372$37,900$37,900