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$272,865$272,865$386,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$113,235$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.947%7.640%
1st payment$1,669.87$1,669.87$2,673.28
2nd payment$0.00$754.90$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$204.69$204.69$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,382.05$3,136.95$3,258.00
Cash to close$156,135$42,900$42,900