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$283,008$283,008$332,550
Remaining term (yrs)28.228.230.0
Secondary amount$0$49,542$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.630%7.560%
1st payment$1,886.25$1,886.25$2,284.39
2nd payment$0.00$371.57$0.00
Taxes / mo$98.42$98.42$98.42
Insurance / mo$150.00$150.00$150.00
MI / mo$132.07$132.07$66.51
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.73$2,638.30$2,599.31
Cash to close$86,492$36,950$36,950