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$310,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$310,500$0
Funding fee$0$0$0
Note rate8.290%8.290%7.400%
Blended rate9.140%7.750%7.640%
1st payment$601.42$601.42$2,149.84
2nd payment$0.00$2,005.31$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$56.49$56.49$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,095.41$3,100.72$2,649.44
Cash to close$345,000$34,500$34,500