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$219,068$219,068$270,000
Remaining term (yrs)22.022.030.0
Secondary amount$0$50,932$0
Funding fee$0$0$0
Note rate4.700%4.700%7.400%
Blended rate5.550%6.201%7.640%
1st payment$1,327.23$1,327.23$1,869.43
2nd payment$0.00$381.99$0.00
Taxes / mo$337.08$337.08$337.08
Insurance / mo$150.00$150.00$150.00
MI / mo$181.27$181.27$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,995.58$2,377.56$2,410.51
Cash to close$80,932$30,000$30,000