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$267,001$267,001$332,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$65,909$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.516%7.560%
1st payment$1,755.85$1,755.85$2,286.86
2nd payment$0.00$494.32$0.00
Taxes / mo$242.08$242.08$242.08
Insurance / mo$150.00$150.00$150.00
MI / mo$126.01$126.01$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,273.94$2,768.26$2,745.53
Cash to close$102,899$36,990$36,990