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$272,762$272,762$295,200
Remaining term (yrs)29.229.230.0
Secondary amount$0$38,838$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%7.345%7.560%
1st payment$1,674.94$1,674.94$2,027.82
2nd payment$0.00$384.33$0.00
Taxes / mo$28.17$28.17$28.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.01$126.01$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,979.11$2,363.45$2,265.03
Cash to close$55,238$16,400$32,800