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$276,802$276,802$301,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$41,448$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.478%7.560%
1st payment$1,724.61$1,724.61$2,071.10
2nd payment$0.00$410.16$0.00
Taxes / mo$202.92$202.92$202.92
Insurance / mo$150.00$150.00$150.00
MI / mo$128.11$128.11$60.30
HOA / mo$42.00$42.00$42.00
Total monthly$2,247.63$2,657.80$2,526.31
Cash to close$58,198$16,750$33,500