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$285,373$285,373$328,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,037$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.818%7.640%
1st payment$1,977.59$1,977.59$2,273.84
2nd payment$0.00$322.77$0.00
Taxes / mo$79.00$79.00$79.00
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,341.60$2,664.38$2,568.53
Cash to close$79,527$36,490$36,490