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$271,960$271,960$378,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$106,040$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.374%7.560%
1st payment$1,750.93$1,750.93$2,596.60
2nd payment$0.00$706.93$0.00
Taxes / mo$237.67$237.67$237.67
Insurance / mo$150.00$150.00$150.00
MI / mo$125.92$125.92$75.60
HOA / mo$29.00$29.00$29.00
Total monthly$2,293.51$3,000.44$3,088.86
Cash to close$148,040$42,000$42,000