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$287,930$287,930$297,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,570$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.444%7.640%
1st payment$1,898.47$1,898.47$2,056.37
2nd payment$0.00$253.04$0.00
Taxes / mo$195.08$195.08$195.08
Insurance / mo$150.00$150.00$150.00
MI / mo$137.66$137.66$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,381.21$2,634.25$2,460.85
Cash to close$42,070$16,500$33,000