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$273,584$273,584$287,999
Remaining term (yrs)28.628.630.0
Secondary amount$0$30,415$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.668%7.640%
1st payment$1,780.70$1,780.70$1,994.05
2nd payment$0.00$300.98$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$127.13$127.13$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,324.49$2,625.48$2,468.31
Cash to close$46,415$16,000$32,000