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$210,579$210,579$270,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$59,421$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.479%7.560%
1st payment$1,365.36$1,365.36$1,854.71
2nd payment$0.00$445.66$0.00
Taxes / mo$482.33$482.33$482.33
Insurance / mo$150.00$150.00$150.00
MI / mo$99.01$99.01$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,096.70$2,542.36$2,541.05
Cash to close$89,421$30,000$30,000