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$396,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$396,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.750%7.640%
1st payment$612.34$612.34$2,741.82
2nd payment$0.00$2,557.50$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$49.79$49.79$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.79$3,736.29$3,337.69
Cash to close$440,000$44,000$44,000