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$271,102$271,102$283,410
Remaining term (yrs)27.627.630.0
Secondary amount$0$28,053$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.901%7.640%
1st payment$1,837.13$1,837.13$1,962.27
2nd payment$0.00$277.61$0.00
Taxes / mo$129.25$129.25$129.25
Insurance / mo$150.00$150.00$150.00
MI / mo$127.33$127.33$56.68
HOA / mo$395.00$395.00$395.00
Total monthly$2,638.71$2,916.32$2,693.21
Cash to close$43,798$15,745$31,490