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$215,910
Remaining term (yrs)——30.0
Secondary amount$0$215,910$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$1,494.92
2nd payment$0.00$1,394.42$0.00
Taxes / mo$199.92$199.92$199.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$715.00$715.00$715.00
Total monthly$1,064.92$2,459.34$2,603.02
Cash to close$239,900$23,990$23,990