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$277,711$277,711$301,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$40,539$0
Funding fee$0$0$0
Note rate5.780%5.780%7.320%
Blended rate6.630%7.298%7.560%
1st payment$1,724.63$1,724.63$2,071.10
2nd payment$0.00$401.16$0.00
Taxes / mo$967.17$967.17$967.17
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$60.30
HOA / mo$214.00$214.00$214.00
Total monthly$3,264.44$3,665.61$3,462.56
Cash to close$57,289$16,750$33,500