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$275,339$275,339$289,800
Remaining term (yrs)27.627.630.0
Secondary amount$0$30,561$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.180%7.640%
1st payment$1,916.65$1,916.65$2,006.52
2nd payment$0.00$302.43$0.00
Taxes / mo$7.33$7.33$7.33
Insurance / mo$150.00$150.00$150.00
MI / mo$129.16$129.16$57.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,203.14$2,505.57$2,221.81
Cash to close$46,661$16,100$32,200