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$287,990$287,990$369,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$81,010$0
Funding fee$0$0$0
Note rate6.920%6.920%7.240%
Blended rate7.470%7.806%7.480%
1st payment$1,943.95$1,943.95$2,514.73
2nd payment$0.00$607.57$0.00
Taxes / mo$42.08$42.08$42.08
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,271.05$2,878.62$2,780.61
Cash to close$122,010$41,000$41,000