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$274,790$274,790$359,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$85,120$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.221%7.640%
1st payment$1,705.44$1,705.44$2,491.94
2nd payment$0.00$638.40$0.00
Taxes / mo$151.75$151.75$151.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,135.91$2,774.31$2,865.68
Cash to close$125,110$39,990$39,990