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$271,514$271,514$359,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$88,396$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate6.910%7.423%7.560%
1st payment$1,768.27$1,768.27$2,472.33
2nd payment$0.00$662.97$0.00
Taxes / mo$228.50$228.50$228.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.11$130.11$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,276.88$2,939.85$2,922.81
Cash to close$128,386$39,990$39,990