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$272,320$272,320$315,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$42,680$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.643%7.640%
1st payment$1,815.78$1,815.78$2,181.00
2nd payment$0.00$320.10$0.00
Taxes / mo$175.17$175.17$175.17
Insurance / mo$150.00$150.00$150.00
MI / mo$201.80$201.80$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,342.75$2,662.84$2,569.16
Cash to close$77,680$35,000$35,000