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$291,272$291,272$342,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$50,728$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.603%7.640%
1st payment$1,935.59$1,935.59$2,367.94
2nd payment$0.00$380.46$0.00
Taxes / mo$99.33$99.33$99.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.94$135.94$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,320.87$2,701.33$2,685.67
Cash to close$88,728$38,000$38,000