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$276,610$276,610$422,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$146,300$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.581%7.640%
1st payment$1,826.04$1,826.04$2,928.14
2nd payment$0.00$975.33$0.00
Taxes / mo$156.92$156.92$156.92
Insurance / mo$166.67$166.67$166.67
MI / mo$128.25$128.25$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,277.87$3,253.20$3,336.31
Cash to close$193,290$46,990$46,990