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$242,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$242,100$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%7.750%7.560%
1st payment$0.00$0.00$1,663.06
2nd payment$0.00$1,563.56$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$4.17$4.17$4.17
Total monthly$378.34$1,941.90$2,089.82
Cash to close$269,000$26,900$26,900