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$274,585$274,585$288,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,415$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.688%7.560%
1st payment$1,835.52$1,835.52$1,978.36
2nd payment$0.00$291.09$0.00
Taxes / mo$37.17$37.17$37.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.51$130.51$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,153.20$2,444.28$2,223.13
Cash to close$45,415$16,000$32,000