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$215,550
Remaining term (yrs)29.829.830.0
Secondary amount$0$215,550$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$1,492.42
2nd payment$0.00$1,392.09$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.11
HOA / mo$0.00$0.00$0.00
Total monthly$350.00$1,742.09$1,885.53
Cash to close$239,500$23,950$23,950