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$276,722$276,722$313,650
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,928$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.790%7.932%7.560%
1st payment$1,915.42$1,915.42$2,154.56
2nd payment$0.00$276.96$0.00
Taxes / mo$309.50$309.50$309.50
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$62.73
HOA / mo$0.00$0.00$0.00
Total monthly$2,580.10$2,857.06$2,676.79
Cash to close$71,778$34,850$34,850