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$270,110$270,110$325,799
Remaining term (yrs)26.826.830.0
Secondary amount$0$55,689$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.524%7.640%
1st payment$1,802.14$1,802.14$2,255.77
2nd payment$0.00$417.67$0.00
Taxes / mo$95.42$95.42$95.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.40$128.40$65.16
HOA / mo$0.00$0.00$0.00
Total monthly$2,175.95$2,593.62$2,566.34
Cash to close$91,889$36,200$36,200