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$224,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$224,100$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.750%7.560%
1st payment$554.70$554.70$1,539.41
2nd payment$0.00$1,447.31$0.00
Taxes / mo$207.50$207.50$207.50
Insurance / mo$150.00$150.00$150.00
MI / mo$36.20$36.20$44.82
HOA / mo$455.00$455.00$455.00
Total monthly$1,403.40$2,850.72$2,396.73
Cash to close$249,000$24,900$24,900