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$274,959$274,959$337,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$62,541$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.631%7.640%
1st payment$1,838.42$1,838.42$2,336.78
2nd payment$0.00$469.05$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$150.00$150.00$150.00
MI / mo$129.65$129.65$67.50
HOA / mo$19.17$19.17$19.17
Total monthly$2,318.99$2,788.04$2,755.20
Cash to close$100,041$37,500$37,500