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$476,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$198,834$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.446%7.480%
1st payment$1,795.45$1,795.45$3,250.13
2nd payment$0.00$1,325.56$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$130.19$130.19$95.38
HOA / mo$25.00$25.00$25.00
Total monthly$2,325.97$3,651.53$3,745.85
Cash to close$251,824$52,990$52,990