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$274,835$274,835$292,410
Remaining term (yrs)26.026.030.0
Secondary amount$0$33,820$0
Funding fee$0$0$0
Note rate6.020%6.020%7.320%
Blended rate6.870%7.418%7.560%
1st payment$1,740.36$1,740.36$2,008.65
2nd payment$0.00$334.68$0.00
Taxes / mo$305.67$305.67$305.67
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$58.48
HOA / mo$57.50$57.50$57.50
Total monthly$2,458.70$2,793.38$2,580.30
Cash to close$50,065$16,245$32,490