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$274,059$274,059$285,300
Remaining term (yrs)26.126.130.0
Secondary amount$0$27,091$0
Funding fee$0$0$0
Note rate6.020%6.020%7.400%
Blended rate6.870%7.320%7.640%
1st payment$1,733.18$1,733.18$1,975.36
2nd payment$0.00$268.08$0.00
Taxes / mo$337.75$337.75$337.75
Insurance / mo$150.00$150.00$150.00
MI / mo$204.33$204.33$57.06
HOA / mo$75.00$75.00$75.00
Total monthly$2,500.26$2,768.34$2,595.17
Cash to close$42,941$15,850$31,700