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$272,806$272,806$337,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$64,694$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.594%7.560%
1st payment$1,827.14$1,827.14$2,318.39
2nd payment$0.00$485.20$0.00
Taxes / mo$400.33$400.33$400.33
Insurance / mo$150.00$150.00$150.00
MI / mo$129.65$129.65$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,507.12$2,992.32$2,936.22
Cash to close$102,194$37,500$37,500