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$282,461$282,461$314,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$32,449$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.511%7.560%
1st payment$1,908.45$1,908.45$2,163.21
2nd payment$0.00$243.37$0.00
Taxes / mo$95.25$95.25$95.25
Insurance / mo$150.00$150.00$150.00
MI / mo$134.31$134.31$62.98
HOA / mo$100.00$100.00$100.00
Total monthly$2,388.01$2,631.38$2,571.45
Cash to close$67,439$34,990$34,990