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$286,575$286,575$355,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$68,925$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.912%7.640%
1st payment$2,118.90$2,118.90$2,461.41
2nd payment$0.00$516.94$0.00
Taxes / mo$136.08$136.08$136.08
Insurance / mo$150.00$150.00$150.00
MI / mo$136.18$136.18$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,541.16$3,058.10$2,818.59
Cash to close$108,425$39,500$39,500