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$275,584$275,584$287,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,321$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.590%7.640%
1st payment$1,812.29$1,812.29$1,993.43
2nd payment$0.00$280.26$0.00
Taxes / mo$108.50$108.50$108.50
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,200.85$2,481.11$2,309.51
Cash to close$44,316$15,995$31,990