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$277,275$277,275$377,550
Remaining term (yrs)27.427.430.0
Secondary amount$0$100,275$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.625%7.640%
1st payment$1,882.71$1,882.71$2,614.08
2nd payment$0.00$668.50$0.00
Taxes / mo$263.17$263.17$263.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.49$130.49$75.51
HOA / mo$39.08$39.08$39.08
Total monthly$2,465.45$3,133.95$3,141.84
Cash to close$142,225$41,950$41,950