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$270,954$270,954$323,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$52,146$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.467%7.640%
1st payment$1,574.29$1,574.29$2,237.08
2nd payment$0.00$391.10$0.00
Taxes / mo$202.75$202.75$202.75
Insurance / mo$150.00$150.00$150.00
MI / mo$204.69$204.69$64.62
HOA / mo$29.17$29.17$29.17
Total monthly$2,160.90$2,552.00$2,683.62
Cash to close$88,046$35,900$35,900