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$285,998$285,998$377,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$91,102$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate6.720%7.271%7.640%
1st payment$1,763.48$1,763.48$2,610.96
2nd payment$0.00$683.26$0.00
Taxes / mo$66.50$66.50$66.50
Insurance / mo$150.00$150.00$150.00
MI / mo$132.39$132.39$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.37$2,795.63$2,902.88
Cash to close$133,002$41,900$41,900