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$274,455$274,455$328,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$54,045$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.245%7.640%
1st payment$1,747.42$1,747.42$2,274.47
2nd payment$0.00$405.33$0.00
Taxes / mo$112.08$112.08$112.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,138.22$2,543.56$2,602.25
Cash to close$90,545$36,500$36,500