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$260,910
Remaining term (yrs)——30.0
Secondary amount$0$260,910$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%7.750%7.560%
1st payment$0.00$0.00$1,792.27
2nd payment$0.00$1,685.04$0.00
Taxes / mo$109.92$109.92$109.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$259.92$1,944.96$2,104.37
Cash to close$289,900$28,990$28,990