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$272,157$272,157$305,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$33,753$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.408%7.640%
1st payment$1,774.61$1,774.61$2,118.06
2nd payment$0.00$253.15$0.00
Taxes / mo$37.83$37.83$37.83
Insurance / mo$150.00$150.00$150.00
MI / mo$201.80$201.80$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,164.25$2,417.40$2,367.07
Cash to close$67,743$33,990$33,990