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$238,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$238,500$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.750%7.640%
1st payment$0.00$0.00$1,651.33
2nd payment$0.00$1,540.31$0.00
Taxes / mo$62.49$62.49$62.49
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$83.33$83.33$83.33
Total monthly$295.82$1,836.13$1,994.85
Cash to close$265,000$26,500$26,500