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$270,834$270,834$288,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$33,166$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.888%7.560%
1st payment$1,805.16$1,805.16$1,978.36
2nd payment$0.00$328.20$0.00
Taxes / mo$26.67$26.67$26.67
Insurance / mo$150.00$150.00$150.00
MI / mo$126.27$126.27$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,108.09$2,436.29$2,212.63
Cash to close$49,166$16,000$32,000