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$0$0$288,000
Remaining term (yrs)——30.0
Secondary amount$0$288,000$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.850%7.750%7.560%
1st payment$0.00$0.00$1,978.36
2nd payment$0.00$1,860.00$0.00
Taxes / mo$137.75$137.75$137.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$330.75$330.75$330.75
Total monthly$618.50$2,478.50$2,654.46
Cash to close$320,000$32,000$32,000