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$269,287$269,287$282,600
Remaining term (yrs)28.728.730.0
Secondary amount$0$29,013$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.754%7.640%
1st payment$1,770.48$1,770.48$1,956.67
2nd payment$0.00$287.11$0.00
Taxes / mo$261.67$261.67$261.67
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$56.52
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.12$2,594.24$2,424.85
Cash to close$44,713$15,700$31,400