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$289,014$289,014$346,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$57,486$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.640%7.560%
1st payment$1,915.17$1,915.17$2,380.21
2nd payment$0.00$431.15$0.00
Taxes / mo$84.33$84.33$84.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.69$135.69$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,285.19$2,716.34$2,683.85
Cash to close$95,986$38,500$38,500