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$275,014$275,014$341,550
Remaining term (yrs)25.725.730.0
Secondary amount$0$66,536$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%6.665%7.560%
1st payment$1,622.39$1,622.39$2,346.21
2nd payment$0.00$499.02$0.00
Taxes / mo$316.25$316.25$316.25
Insurance / mo$150.00$150.00$150.00
MI / mo$208.11$208.11$68.31
HOA / mo$650.00$650.00$650.00
Total monthly$2,946.75$3,445.78$3,530.77
Cash to close$104,486$37,950$37,950