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$267,792$267,792$310,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$42,708$0
Funding fee$0$0$0
Note rate6.490%6.490%7.240%
Blended rate7.040%7.310%7.480%
1st payment$1,870.40$1,870.40$2,116.05
2nd payment$0.00$320.31$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$127.08$127.08$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,434.98$2,755.30$2,615.65
Cash to close$77,208$34,500$34,500