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$272,560$272,560$360,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$87,440$0
Funding fee$0$0$0
Note rate4.440%4.440%7.320%
Blended rate5.290%6.191%7.560%
1st payment$1,630.24$1,630.24$2,472.95
2nd payment$0.00$655.80$0.00
Taxes / mo$634.75$634.75$634.75
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,644.51$3,300.30$3,329.70
Cash to close$127,440$40,000$40,000