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$275,623$275,623$346,500
Remaining term (yrs)22.122.130.0
Secondary amount$0$70,877$0
Funding fee$0$0$0
Note rate4.900%4.900%7.400%
Blended rate5.750%6.415%7.640%
1st payment$1,697.22$1,697.22$2,399.10
2nd payment$0.00$531.58$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$226.52$226.52$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,394.57$2,926.15$2,939.23
Cash to close$109,377$38,500$38,500