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$275,106$275,106$315,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$39,894$0
Funding fee$0$0$0
Note rate6.140%6.140%7.320%
Blended rate6.690%6.983%7.560%
1st payment$1,860.07$1,860.07$2,163.83
2nd payment$0.00$299.20$0.00
Taxes / mo$77.75$77.75$77.75
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.40$2,517.60$2,454.58
Cash to close$74,894$35,000$35,000