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$286,594$286,594$337,499
Remaining term (yrs)27.627.630.0
Secondary amount$0$50,905$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.667%7.640%
1st payment$1,930.85$1,930.85$2,336.78
2nd payment$0.00$381.79$0.00
Taxes / mo$338.25$338.25$338.25
Insurance / mo$150.00$150.00$150.00
MI / mo$134.65$134.65$67.50
HOA / mo$71.00$71.00$71.00
Total monthly$2,624.75$3,006.54$2,963.53
Cash to close$88,405$37,500$37,500