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$267,074$267,074$405,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$137,926$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.598%7.560%
1st payment$1,778.34$1,778.34$2,782.07
2nd payment$0.00$919.51$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$150.00$150.00$150.00
MI / mo$124.52$124.52$81.00
HOA / mo$18.75$18.75$18.75
Total monthly$2,292.11$3,211.61$3,252.32
Cash to close$182,926$45,000$45,000