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$273,932$273,932$324,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$50,068$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.351%7.640%
1st payment$1,770.53$1,770.53$2,243.31
2nd payment$0.00$375.51$0.00
Taxes / mo$95.87$95.87$95.87
Insurance / mo$150.00$150.00$150.00
MI / mo$128.39$128.39$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,144.79$2,520.30$2,553.98
Cash to close$86,068$36,000$36,000