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$285,481$285,481$315,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,519$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.885%7.640%
1st payment$1,996.79$1,996.79$2,181.00
2nd payment$0.00$221.40$0.00
Taxes / mo$346.58$346.58$346.58
Insurance / mo$150.00$150.00$150.00
MI / mo$134.56$134.56$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,627.93$2,849.33$2,740.58
Cash to close$64,519$35,000$35,000