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$270,332$270,332$341,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$71,578$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.703%7.560%
1st payment$1,826.03$1,826.03$2,348.68
2nd payment$0.00$536.84$0.00
Taxes / mo$116.50$116.50$116.50
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,220.78$2,757.61$2,683.57
Cash to close$109,568$37,990$37,990