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$288,548$288,548$404,910
Remaining term (yrs)29.829.830.0
Secondary amount$0$116,362$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.458%7.560%
1st payment$1,861.65$1,861.65$2,781.45
2nd payment$0.00$775.74$0.00
Taxes / mo$374.92$374.92$374.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.37$132.37$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,518.93$3,294.67$3,387.35
Cash to close$161,352$44,990$44,990