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$282,159$282,159$359,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$77,751$0
Funding fee$0$0$0
Note rate5.270%5.270%7.320%
Blended rate6.120%6.742%7.560%
1st payment$1,913.51$1,913.51$2,472.33
2nd payment$0.00$583.14$0.00
Taxes / mo$284.58$284.58$284.58
Insurance / mo$150.00$150.00$150.00
MI / mo$221.26$221.26$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,569.35$3,152.49$2,978.90
Cash to close$117,741$39,990$39,990