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$270,768$270,768$323,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$53,142$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.370%7.560%
1st payment$1,742.88$1,742.88$2,225.04
2nd payment$0.00$398.57$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$126.38$126.38$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,319.18$2,717.74$2,739.74
Cash to close$89,132$35,990$35,990