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$272,933$272,933$299,700
Remaining term (yrs)27.127.130.0
Secondary amount$0$26,767$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%7.962%7.640%
1st payment$1,927.12$1,927.12$2,075.06
2nd payment$0.00$200.75$0.00
Taxes / mo$277.50$277.50$277.50
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$59.94
HOA / mo$0.00$0.00$0.00
Total monthly$2,483.33$2,684.08$2,562.50
Cash to close$60,067$33,300$33,300