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$269,778$269,778$405,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$135,222$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate7.270%7.514%7.560%
1st payment$1,769.32$1,769.32$2,782.07
2nd payment$0.00$901.48$0.00
Taxes / mo$192.75$192.75$192.75
Insurance / mo$150.00$150.00$150.00
MI / mo$199.94$199.94$81.00
HOA / mo$73.33$73.33$73.33
Total monthly$2,385.34$3,286.82$3,279.15
Cash to close$180,222$45,000$45,000