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$272,055$272,055$296,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$41,350$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%6.141%7.640%
1st payment$1,478.55$1,478.55$2,055.74
2nd payment$0.00$409.20$0.00
Taxes / mo$274.92$274.92$274.92
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,112.12$2,521.32$2,540.04
Cash to close$57,845$16,495$32,990