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$275,795$275,795$337,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$61,705$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.782%7.640%
1st payment$1,887.80$1,887.80$2,336.78
2nd payment$0.00$462.79$0.00
Taxes / mo$217.75$217.75$217.75
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,386.13$2,848.92$2,772.03
Cash to close$99,205$37,500$37,500