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$291,680$291,680$341,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$50,230$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.533%7.560%
1st payment$1,963.83$1,963.83$2,348.68
2nd payment$0.00$376.73$0.00
Taxes / mo$319.58$319.58$319.58
Insurance / mo$150.00$150.00$150.00
MI / mo$139.06$139.06$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,572.48$2,949.20$2,886.65
Cash to close$88,220$37,990$37,990