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$276,677$276,677$296,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$36,728$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.412%7.640%
1st payment$1,786.21$1,786.21$2,055.74
2nd payment$0.00$363.46$0.00
Taxes / mo$101.34$101.34$101.34
Insurance / mo$150.00$150.00$150.00
MI / mo$132.68$132.68$59.38
HOA / mo$75.00$75.00$75.00
Total monthly$2,245.23$2,608.68$2,441.46
Cash to close$53,223$16,495$32,990