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$301,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$301,500$0
Funding fee$0$0$0
Note rate7.320%7.320%7.400%
Blended rate8.170%7.750%7.640%
1st payment$500.20$500.20$2,087.53
2nd payment$0.00$1,947.19$0.00
Taxes / mo$133.58$133.58$133.58
Insurance / mo$150.00$150.00$150.00
MI / mo$51.58$51.58$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$835.36$2,782.55$2,431.41
Cash to close$335,000$33,500$33,500