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$270,415$270,415$311,310
Remaining term (yrs)27.127.130.0
Secondary amount$0$40,895$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.279%7.560%
1st payment$1,965.13$1,965.13$2,138.48
2nd payment$0.00$306.72$0.00
Taxes / mo$117.08$117.08$117.08
Insurance / mo$150.00$150.00$150.00
MI / mo$127.31$127.31$62.26
HOA / mo$99.00$99.00$99.00
Total monthly$2,458.53$2,765.24$2,566.83
Cash to close$75,485$34,590$34,590