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$244,800
Remaining term (yrs)20.220.230.0
Secondary amount$0$244,800$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%7.750%7.560%
1st payment$0.00$0.00$1,681.61
2nd payment$0.00$1,581.00$0.00
Taxes / mo$226.67$226.67$226.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.96
HOA / mo$0.00$0.00$0.00
Total monthly$376.67$1,957.67$2,107.23
Cash to close$272,000$27,200$27,200