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$226,711$226,711$270,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$43,289$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.010%7.640%
1st payment$1,402.85$1,402.85$1,869.43
2nd payment$0.00$324.67$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.33$106.33$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.35$2,283.01$2,372.59
Cash to close$73,289$30,000$30,000