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$275,800$275,800$377,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$102,110$0
Funding fee$0$0$0
Note rate7.490%7.490%7.320%
Blended rate8.040%8.029%7.560%
1st payment$1,982.18$1,982.18$2,595.98
2nd payment$0.00$680.73$0.00
Taxes / mo$295.00$295.00$295.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,557.24$3,237.98$3,116.56
Cash to close$144,100$41,990$41,990