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$272,712$272,712$287,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$30,338$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.866%7.640%
1st payment$1,837.40$1,837.40$1,987.82
2nd payment$0.00$300.22$0.00
Taxes / mo$320.58$320.58$320.58
Insurance / mo$150.00$150.00$150.00
MI / mo$128.26$128.26$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,436.24$2,736.45$2,515.83
Cash to close$46,288$15,950$31,900