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$282,631$282,631$301,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$35,619$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.457%7.560%
1st payment$1,832.28$1,832.28$2,071.10
2nd payment$0.00$352.48$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$150.00$150.00$150.00
MI / mo$134.96$134.96$60.30
HOA / mo$16.67$16.67$16.67
Total monthly$2,279.25$2,631.73$2,443.40
Cash to close$52,369$16,750$33,500