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$278,257$278,257$314,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$36,653$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.392%7.560%
1st payment$1,804.00$1,804.00$2,163.21
2nd payment$0.00$274.90$0.00
Taxes / mo$242.33$242.33$242.33
Insurance / mo$150.00$150.00$150.00
MI / mo$129.06$129.06$62.98
HOA / mo$35.00$35.00$35.00
Total monthly$2,360.40$2,635.29$2,653.53
Cash to close$71,643$34,990$34,990