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$279,840$279,840$292,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,910$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.819%7.640%
1st payment$1,865.18$1,865.18$2,025.21
2nd payment$0.00$286.09$0.00
Taxes / mo$54.00$54.00$54.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.46$130.46$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,199.65$2,485.74$2,287.71
Cash to close$45,160$16,250$32,500