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$274,229$274,229$535,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$261,271$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.540%7.640%
1st payment$1,822.30$1,822.30$3,707.69
2nd payment$0.00$1,687.38$0.00
Taxes / mo$129.17$129.17$129.17
Insurance / mo$166.67$166.67$166.67
MI / mo$128.25$128.25$107.10
HOA / mo$43.75$43.75$43.75
Total monthly$2,290.13$3,977.51$4,154.38
Cash to close$320,771$59,500$59,500