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$275,626$275,626$305,550
Remaining term (yrs)29.229.230.0
Secondary amount$0$29,924$0
Funding fee$0$0$0
Note rate6.240%6.240%7.320%
Blended rate6.790%7.006%7.560%
1st payment$1,708.51$1,708.51$2,098.92
2nd payment$0.00$224.43$0.00
Taxes / mo$6.50$6.50$6.50
Insurance / mo$150.00$150.00$150.00
MI / mo$127.31$127.31$61.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,992.33$2,216.76$2,316.53
Cash to close$63,874$33,950$33,950