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$274,580$274,580$292,050
Remaining term (yrs)25.525.530.0
Secondary amount$0$33,695$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%6.286%7.640%
1st payment$1,544.27$1,544.27$2,022.10
2nd payment$0.00$333.44$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$150.00$150.00$150.00
MI / mo$209.69$209.69$58.41
HOA / mo$0.00$0.00$0.00
Total monthly$2,114.63$2,448.08$2,441.17
Cash to close$49,920$16,225$32,450