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$289,971$289,971$346,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$56,439$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.502%7.640%
1st payment$1,918.13$1,918.13$2,398.47
2nd payment$0.00$423.29$0.00
Taxes / mo$331.08$331.08$331.08
Insurance / mo$150.00$150.00$150.00
MI / mo$136.80$136.80$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,536.02$2,959.31$2,948.84
Cash to close$94,929$38,490$38,490