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$278,076$278,076$485,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$207,834$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.349%7.640%
1st payment$1,795.45$1,795.45$3,364.34
2nd payment$0.00$1,342.26$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$130.19$130.19$97.18
HOA / mo$25.00$25.00$25.00
Total monthly$2,325.97$3,668.23$3,861.86
Cash to close$261,824$53,990$53,990