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$287,695$287,695$296,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$25,710$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.822%7.640%
1st payment$1,928.90$1,928.90$2,055.74
2nd payment$0.00$254.42$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$134.10$134.10$59.38
HOA / mo$73.33$73.33$73.33
Total monthly$2,384.08$2,638.50$2,436.21
Cash to close$42,205$16,495$32,990