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$266,802$266,802$301,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$34,698$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.673%7.560%
1st payment$1,614.75$1,614.75$2,071.10
2nd payment$0.00$260.24$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$201.00$201.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,244.92$2,505.15$2,560.56
Cash to close$68,198$33,500$33,500