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$281,544$281,544$314,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$33,366$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.373%7.640%
1st payment$1,823.57$1,823.57$2,180.37
2nd payment$0.00$250.24$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.46$130.46$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,204.20$2,454.45$2,493.52
Cash to close$68,356$34,990$34,990