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$0$0$285,291
Remaining term (yrs)28.028.030.0
Secondary amount$0$285,291$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%7.750%7.640%
1st payment$0.00$0.00$1,975.30
2nd payment$0.00$1,842.50$0.00
Taxes / mo$72.50$72.50$72.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.06
HOA / mo$282.00$282.00$282.00
Total monthly$504.50$2,347.00$2,536.86
Cash to close$316,990$31,699$31,699