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$274,621$274,621$324,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$49,379$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate7.120%7.152%7.640%
1st payment$1,775.12$1,775.12$2,243.31
2nd payment$0.00$370.34$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$131.86$131.86$64.80
HOA / mo$171.00$171.00$171.00
Total monthly$2,527.98$2,898.32$2,929.11
Cash to close$85,379$36,000$36,000