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$296,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$296,100$0
Funding fee$0$0$0
Note rate8.470%8.470%7.320%
Blended rate9.320%7.750%7.560%
1st payment$509.62$509.62$2,034.00
2nd payment$0.00$1,912.31$0.00
Taxes / mo$273.17$273.17$273.17
Insurance / mo$150.00$150.00$150.00
MI / mo$47.08$47.08$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$979.87$2,892.18$2,516.39
Cash to close$329,000$32,900$32,900