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$287,871$287,871$310,499
Remaining term (yrs)27.727.730.0
Secondary amount$0$39,878$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%8.155%7.560%
1st payment$1,977.25$1,977.25$2,132.91
2nd payment$0.00$394.62$0.00
Taxes / mo$658.33$658.33$658.33
Insurance / mo$150.00$150.00$150.00
MI / mo$134.99$134.99$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,920.57$3,315.19$3,003.35
Cash to close$57,128$17,250$34,500