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$281,509$281,509$323,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$41,591$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.763%7.640%
1st payment$1,956.26$1,956.26$2,237.08
2nd payment$0.00$311.93$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$150.00$150.00$150.00
MI / mo$133.00$133.00$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,530.01$2,841.94$2,742.45
Cash to close$77,491$35,900$35,900