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$243,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$243,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.750%7.560%
1st payment$0.00$0.00$1,669.24
2nd payment$0.00$1,569.38$0.00
Taxes / mo$495.22$495.22$495.22
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$17.08$17.08$17.08
Total monthly$662.30$2,231.67$2,380.14
Cash to close$270,000$27,000$27,000