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$277,804$277,804$328,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$50,696$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%5.626%7.640%
1st payment$1,469.02$1,469.02$2,274.47
2nd payment$0.00$380.22$0.00
Taxes / mo$272.67$272.67$272.67
Insurance / mo$150.00$150.00$150.00
MI / mo$213.80$213.80$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,105.49$2,485.71$2,762.83
Cash to close$87,196$36,500$36,500