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$182,860$182,860$270,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$87,140$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%8.079%7.640%
1st payment$1,250.08$1,250.08$1,869.43
2nd payment$0.00$653.55$0.00
Taxes / mo$71.42$71.42$71.42
Insurance / mo$150.00$150.00$150.00
MI / mo$85.34$85.34$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,556.84$2,210.39$2,144.84
Cash to close$117,140$30,000$30,000