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$286,113$286,113$413,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$127,797$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.661%7.640%
1st payment$1,925.93$1,925.93$2,865.83
2nd payment$0.00$851.98$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$166.67$166.67$166.67
MI / mo$133.22$133.22$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,330.65$3,182.63$3,220.11
Cash to close$173,787$45,990$45,990