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$272,590$272,590$305,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$32,510$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.258%7.560%
1st payment$1,749.31$1,749.31$2,095.83
2nd payment$0.00$243.82$0.00
Taxes / mo$282.50$282.50$282.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,308.66$2,552.48$2,589.35
Cash to close$66,410$33,900$33,900