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$273,108$273,108$585,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$311,892$0
Funding fee$0$0$0
Note rate6.570%6.570%7.320%
Blended rate7.120%7.456%7.560%
1st payment$1,806.67$1,806.67$4,018.54
2nd payment$0.00$2,014.30$0.00
Taxes / mo$241.00$241.00$241.00
Insurance / mo$166.67$166.67$166.67
MI / mo$130.06$130.06$117.00
HOA / mo$58.33$58.33$58.33
Total monthly$2,402.73$4,417.03$4,601.54
Cash to close$376,892$65,000$65,000