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$267,769$267,769$310,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$42,731$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.465%7.640%
1st payment$1,877.27$1,877.27$2,149.84
2nd payment$0.00$320.48$0.00
Taxes / mo$144.33$144.33$144.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.45$125.45$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,297.05$2,617.54$2,506.27
Cash to close$77,231$34,500$34,500