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$267,616$267,616$288,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$36,384$0
Funding fee$0$0$0
Note rate6.370%6.370%7.400%
Blended rate6.920%7.513%7.640%
1st payment$1,674.96$1,674.96$1,994.05
2nd payment$0.00$360.05$0.00
Taxes / mo$158.83$158.83$158.83
Insurance / mo$150.00$150.00$150.00
MI / mo$123.12$123.12$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,106.91$2,466.96$2,360.49
Cash to close$52,384$16,000$32,000