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$203,966$203,966$270,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$66,034$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate7.120%7.580%7.560%
1st payment$1,318.41$1,318.41$1,854.71
2nd payment$0.00$495.26$0.00
Taxes / mo$104.67$104.67$104.67
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.43$2,219.69$2,163.38
Cash to close$96,034$30,000$30,000