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$268,433$268,433$301,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$33,067$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.727%7.640%
1st payment$1,833.14$1,833.14$2,087.53
2nd payment$0.00$248.00$0.00
Taxes / mo$100.92$100.92$100.92
Insurance / mo$150.00$150.00$150.00
MI / mo$126.03$126.03$60.30
HOA / mo$75.00$75.00$75.00
Total monthly$2,285.09$2,533.09$2,473.74
Cash to close$66,567$33,500$33,500