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$271,814$271,814$283,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$27,436$0
Funding fee$0$0$0
Note rate6.560%6.560%7.400%
Blended rate7.110%7.547%7.640%
1st payment$1,746.43$1,746.43$1,962.90
2nd payment$0.00$271.50$0.00
Taxes / mo$142.58$142.58$142.58
Insurance / mo$150.00$150.00$150.00
MI / mo$125.85$125.85$56.70
HOA / mo$25.00$25.00$25.00
Total monthly$2,189.87$2,461.37$2,337.18
Cash to close$43,186$15,750$31,500