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$286,553$286,553$341,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$55,357$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.550%7.560%
1st payment$1,889.22$1,889.22$2,348.68
2nd payment$0.00$415.18$0.00
Taxes / mo$87.08$87.08$87.08
Insurance / mo$150.00$150.00$150.00
MI / mo$133.91$133.91$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,260.22$2,675.39$2,654.15
Cash to close$93,347$37,990$37,990