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$269,456$269,456$306,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$36,544$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%5.786%7.640%
1st payment$1,616.90$1,616.90$2,118.68
2nd payment$0.00$274.08$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,193.35$2,467.43$2,530.30
Cash to close$70,544$34,000$34,000