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$277,891$277,891$323,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$46,019$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%6.992%7.560%
1st payment$1,733.24$1,733.24$2,225.04
2nd payment$0.00$345.14$0.00
Taxes / mo$174.50$174.50$174.50
Insurance / mo$150.00$150.00$150.00
MI / mo$209.01$209.01$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.75$2,611.90$2,614.32
Cash to close$82,009$35,990$35,990