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$247,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$247,500$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.890%7.750%7.640%
1st payment$388.77$388.77$1,713.64
2nd payment$0.00$1,598.44$0.00
Taxes / mo$106.42$106.42$106.42
Insurance / mo$150.00$150.00$150.00
MI / mo$41.23$41.23$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$686.41$2,284.85$2,019.56
Cash to close$275,000$27,500$27,500