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$229,500
Remaining term (yrs)——30.0
Secondary amount$0$229,500$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$1,589.01
2nd payment$0.00$1,482.19$0.00
Taxes / mo$15.58$15.58$15.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$165.58$1,647.77$1,800.49
Cash to close$255,000$25,500$25,500