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$277,040$277,040$369,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$91,960$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.641%7.640%
1st payment$1,827.07$1,827.07$2,554.88
2nd payment$0.00$689.70$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,449.32$3,139.02$3,120.35
Cash to close$132,960$41,000$41,000