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$272,237$272,237$297,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$41,263$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%8.310%7.560%
1st payment$1,876.62$1,876.62$2,040.18
2nd payment$0.00$408.34$0.00
Taxes / mo$547.67$547.67$547.67
Insurance / mo$150.00$150.00$150.00
MI / mo$201.42$201.42$59.40
HOA / mo$8.33$8.33$8.33
Total monthly$2,784.04$3,192.38$2,805.58
Cash to close$57,763$16,500$33,000