Dan Frey Home Loans
Call Dan

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$282,600
Remaining term (yrs)——30.0
Secondary amount$0$282,600$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%7.750%7.640%
1st payment$0.00$0.00$1,956.67
2nd payment$0.00$1,825.13$0.00
Taxes / mo$215.08$215.08$215.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.52
HOA / mo$500.00$500.00$500.00
Total monthly$865.08$2,690.21$2,878.27
Cash to close$314,000$31,400$31,400