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$270,477$270,477$287,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$33,428$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.385%7.640%
1st payment$1,743.63$1,743.63$1,993.43
2nd payment$0.00$330.80$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$129.38$129.38$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,173.43$2,504.23$2,351.43
Cash to close$49,423$15,995$31,990