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$275,750$275,750$301,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$25,750$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.500%7.560%
1st payment$1,864.64$1,864.64$2,071.10
2nd payment$0.00$193.12$0.00
Taxes / mo$198.17$198.17$198.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.96$130.96$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,343.77$2,536.89$2,479.56
Cash to close$59,250$33,500$33,500