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$272,440$272,440$354,510
Remaining term (yrs)27.327.330.0
Secondary amount$0$82,070$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.578%7.640%
1st payment$1,793.55$1,793.55$2,454.56
2nd payment$0.00$615.53$0.00
Taxes / mo$267.25$267.25$267.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$70.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,339.51$2,955.04$2,942.71
Cash to close$121,460$39,390$39,390