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$252,045$252,045$270,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$32,955$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%8.077%7.560%
1st payment$1,731.44$1,731.44$1,854.71
2nd payment$0.00$326.12$0.00
Taxes / mo$184.67$184.67$184.67
Insurance / mo$150.00$150.00$150.00
MI / mo$118.92$118.92$54.00
HOA / mo$56.00$56.00$56.00
Total monthly$2,241.02$2,567.15$2,299.38
Cash to close$47,955$15,000$30,000