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$269,777$269,777$292,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$38,973$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.939%7.640%
1st payment$1,808.82$1,808.82$2,025.21
2nd payment$0.00$385.67$0.00
Taxes / mo$307.00$307.00$307.00
Insurance / mo$150.00$150.00$150.00
MI / mo$126.91$126.91$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,392.73$2,778.40$2,540.71
Cash to close$55,223$16,250$32,500