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$271,813$271,813$549,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$277,187$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%7.666%7.560%
1st payment$1,867.24$1,867.24$3,771.25
2nd payment$0.00$1,790.17$0.00
Taxes / mo$413.00$413.00$413.00
Insurance / mo$166.67$166.67$166.67
MI / mo$128.25$128.25$109.80
HOA / mo$155.00$155.00$155.00
Total monthly$2,730.15$4,520.32$4,615.72
Cash to close$338,187$61,000$61,000