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$266,709$266,709$342,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$75,291$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.698%7.640%
1st payment$1,774.10$1,774.10$2,367.94
2nd payment$0.00$564.68$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,365.75$2,930.44$2,903.01
Cash to close$113,291$38,000$38,000