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$234,900
Remaining term (yrs)29.629.630.0
Secondary amount$0$234,900$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$1,626.40
2nd payment$0.00$1,517.06$0.00
Taxes / mo$586.65$586.65$586.65
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.98
HOA / mo$118.00$118.00$118.00
Total monthly$854.65$2,371.72$2,528.03
Cash to close$261,000$26,100$26,100