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$273,262$273,262$292,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$35,488$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate6.760%7.348%7.640%
1st payment$1,686.88$1,686.88$2,025.21
2nd payment$0.00$351.19$0.00
Taxes / mo$144.75$144.75$144.75
Insurance / mo$150.00$150.00$150.00
MI / mo$126.10$126.10$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,107.74$2,458.92$2,378.46
Cash to close$51,738$16,250$32,500