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$287,959$287,959$324,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$36,041$0
Funding fee$0$0$0
Note rate6.310%6.310%7.400%
Blended rate7.160%7.365%7.640%
1st payment$1,868.58$1,868.58$2,243.31
2nd payment$0.00$270.31$0.00
Taxes / mo$146.25$146.25$146.25
Insurance / mo$150.00$150.00$150.00
MI / mo$213.61$213.61$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,378.44$2,648.75$2,604.36
Cash to close$72,041$36,000$36,000