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$270,611$270,611$310,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$39,799$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.701%7.560%
1st payment$1,854.25$1,854.25$2,132.30
2nd payment$0.00$298.49$0.00
Taxes / mo$341.17$341.17$341.17
Insurance / mo$150.00$150.00$150.00
MI / mo$128.26$128.26$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,473.68$2,772.17$2,685.55
Cash to close$74,289$34,490$34,490