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$243,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$243,000$0
Funding fee$0$0$0
Note rate3.810%3.810%7.400%
Blended rate4.660%7.750%7.640%
1st payment$665.16$665.16$1,682.48
2nd payment$0.00$1,569.38$0.00
Taxes / mo$89.42$89.42$89.42
Insurance / mo$150.00$150.00$150.00
MI / mo$64.52$64.52$48.60
HOA / mo$310.00$310.00$310.00
Total monthly$1,279.10$2,848.47$2,280.50
Cash to close$270,000$27,000$27,000