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$279,842$279,842$292,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,813$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.781%7.640%
1st payment$1,890.27$1,890.27$2,024.59
2nd payment$0.00$285.13$0.00
Taxes / mo$345.25$345.25$345.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.76$132.76$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,518.28$2,803.40$2,578.32
Cash to close$45,058$16,245$32,490