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$255,811$255,811$270,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$29,189$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.912%7.640%
1st payment$1,710.58$1,710.58$1,869.43
2nd payment$0.00$288.85$0.00
Taxes / mo$98.08$98.08$98.08
Insurance / mo$150.00$150.00$150.00
MI / mo$189.52$189.52$54.00
HOA / mo$166.00$166.00$166.00
Total monthly$2,314.19$2,603.04$2,337.51
Cash to close$44,189$15,000$30,000