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$252,780$252,780$288,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$35,220$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.429%7.640%
1st payment$1,672.12$1,672.12$1,994.05
2nd payment$0.00$264.15$0.00
Taxes / mo$73.75$73.75$73.75
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,015.12$2,279.28$2,275.40
Cash to close$67,220$32,000$32,000