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$280,484$280,484$306,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$25,516$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.552%7.640%
1st payment$1,869.63$1,869.63$2,118.68
2nd payment$0.00$191.37$0.00
Taxes / mo$303.75$303.75$303.75
Insurance / mo$150.00$150.00$150.00
MI / mo$130.51$130.51$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,453.89$2,645.26$2,633.63
Cash to close$59,516$34,000$34,000