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$274,769$274,769$378,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$103,231$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.462%7.560%
1st payment$1,840.29$1,840.29$2,596.60
2nd payment$0.00$688.21$0.00
Taxes / mo$205.58$205.58$205.58
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$75.60
HOA / mo$1.00$1.00$1.00
Total monthly$2,327.45$3,015.66$3,028.78
Cash to close$145,231$42,000$42,000