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$260,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$260,100$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.350%7.750%7.560%
1st payment$569.38$569.38$1,786.71
2nd payment$0.00$1,679.81$0.00
Taxes / mo$240.83$240.83$240.83
Insurance / mo$150.00$150.00$150.00
MI / mo$57.68$57.68$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,017.89$2,697.70$2,229.56
Cash to close$289,000$28,900$28,900