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$216,491$216,491$270,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$53,509$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.693%7.640%
1st payment$1,759.60$1,759.60$1,869.43
2nd payment$0.00$401.32$0.00
Taxes / mo$45.08$45.08$45.08
Insurance / mo$150.00$150.00$150.00
MI / mo$105.49$105.49$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,060.17$2,461.49$2,118.51
Cash to close$83,509$30,000$30,000