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$276,118$276,118$297,000
Remaining term (yrs)29.729.730.0
Secondary amount$0$37,382$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.511%7.640%
1st payment$1,724.92$1,724.92$2,056.37
2nd payment$0.00$369.93$0.00
Taxes / mo$146.45$146.45$146.45
Insurance / mo$150.00$150.00$150.00
MI / mo$126.79$126.79$59.40
HOA / mo$30.00$30.00$30.00
Total monthly$2,178.16$2,548.09$2,442.22
Cash to close$53,882$16,500$33,000