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$267,443$267,443$323,799
Remaining term (yrs)28.128.130.0
Secondary amount$0$56,357$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.571%7.560%
1st payment$1,763.23$1,763.23$2,224.28
2nd payment$0.00$422.67$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$64.76
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.04$2,627.72$2,605.87
Cash to close$92,334$35,978$35,978