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$271,927$271,927$341,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$69,983$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.449%7.560%
1st payment$1,755.74$1,755.74$2,348.68
2nd payment$0.00$524.88$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.31$127.31$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,149.05$2,673.93$2,683.07
Cash to close$107,973$37,990$37,990