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$359$359$269,910
Remaining term (yrs)38.538.530.0
Secondary amount$0$269,551$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.749%7.560%
1st payment$2.16$2.16$1,854.09
2nd payment$0.00$1,740.85$0.00
Taxes / mo$161.87$161.87$161.87
Insurance / mo$150.00$150.00$150.00
MI / mo$0.17$0.17$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$314.20$2,055.04$2,219.94
Cash to close$299,541$29,990$29,990