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$267,725$267,725$301,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$33,685$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.664%7.640%
1st payment$1,620.34$1,620.34$2,086.90
2nd payment$0.00$252.64$0.00
Taxes / mo$107.19$107.19$107.19
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.22$2,331.86$2,404.37
Cash to close$67,175$33,490$33,490