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$282,324$282,324$395,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$112,776$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.193%7.640%
1st payment$1,827.13$1,827.13$2,735.59
2nd payment$0.00$751.84$0.00
Taxes / mo$177.92$177.92$177.92
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,290.05$3,041.89$3,142.53
Cash to close$156,676$43,900$43,900