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$273,079$273,079$314,999
Remaining term (yrs)27.227.230.0
Secondary amount$0$41,920$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.934%7.640%
1st payment$1,910.04$1,910.04$2,180.99
2nd payment$0.00$314.40$0.00
Taxes / mo$161.00$161.00$161.00
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,349.76$2,664.16$2,554.99
Cash to close$76,920$35,000$35,000