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$270,808$270,808$314,991
Remaining term (yrs)28.128.130.0
Secondary amount$0$44,183$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.997%7.560%
1st payment$1,680.73$1,680.73$2,163.77
2nd payment$0.00$331.37$0.00
Taxes / mo$280.17$280.17$280.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$63.00
HOA / mo$108.67$108.67$108.67
Total monthly$2,346.41$2,677.79$2,765.60
Cash to close$79,182$34,999$34,999