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$288,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$288,000$0
Funding fee$0$0$0
Note rate8.930%8.930%7.400%
Blended rate9.780%7.750%7.640%
1st payment$567.40$567.40$1,994.05
2nd payment$0.00$1,860.00$0.00
Taxes / mo$82.07$82.07$82.07
Insurance / mo$150.00$150.00$150.00
MI / mo$50.26$50.26$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$849.74$2,709.74$2,283.73
Cash to close$320,000$32,000$32,000