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$270,180$270,180$369,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$98,820$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.770%7.560%
1st payment$1,795.43$1,795.43$2,534.77
2nd payment$0.00$741.15$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$150.00$150.00$150.00
MI / mo$126.62$126.62$73.80
HOA / mo$19.33$19.33$19.33
Total monthly$2,324.21$3,065.36$3,010.74
Cash to close$139,820$41,000$41,000