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$271,605$271,605$337,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$65,895$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.117%7.640%
1st payment$1,691.68$1,691.68$2,336.78
2nd payment$0.00$494.22$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$204.00$204.00$67.50
HOA / mo$12.50$12.50$12.50
Total monthly$2,370.68$2,864.90$2,879.28
Cash to close$103,395$37,500$37,500