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$268,732$268,732$315,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$46,268$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.098%7.640%
1st payment$1,660.66$1,660.66$2,181.00
2nd payment$0.00$347.01$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$124.01$124.01$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,226.34$2,573.34$2,685.66
Cash to close$81,268$35,000$35,000