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$271,963$271,963$315,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$43,037$0
Funding fee$0$0$0
Note rate4.420%4.420%7.320%
Blended rate5.270%5.780%7.560%
1st payment$1,478.06$1,478.06$2,163.83
2nd payment$0.00$322.78$0.00
Taxes / mo$181.83$181.83$181.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$63.00
HOA / mo$15.00$15.00$15.00
Total monthly$2,033.47$2,356.25$2,573.66
Cash to close$78,037$35,000$35,000