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$270,413$270,413$292,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,337$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.280%7.640%
1st payment$1,882.36$1,882.36$2,025.21
2nd payment$0.00$379.37$0.00
Taxes / mo$155.42$155.42$155.42
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,314.63$2,694.00$2,389.13
Cash to close$54,587$16,250$32,500