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$234,000
Remaining term (yrs)——30.0
Secondary amount$0$234,000$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.850%7.750%7.640%
1st payment$0.00$0.00$1,620.17
2nd payment$0.00$1,511.25$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$625.00$625.00$625.00
Total monthly$991.67$2,502.92$2,658.64
Cash to close$260,000$26,000$26,000