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$288,521$288,521$396,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$107,479$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.228%7.640%
1st payment$1,875.57$1,875.57$2,741.82
2nd payment$0.00$716.53$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$137.57$137.57$79.20
HOA / mo$12.00$12.00$12.00
Total monthly$2,355.89$3,072.42$3,163.77
Cash to close$151,479$44,000$44,000