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$243,087$243,087$270,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$26,913$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.037%7.640%
1st payment$1,513.03$1,513.03$1,869.43
2nd payment$0.00$201.85$0.00
Taxes / mo$96.50$96.50$96.50
Insurance / mo$150.00$150.00$150.00
MI / mo$112.39$112.39$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,871.93$2,073.77$2,169.93
Cash to close$56,913$30,000$30,000