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$252,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$252,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.750%7.560%
1st payment$0.00$0.00$1,731.07
2nd payment$0.00$1,627.50$0.00
Taxes / mo$658.08$658.08$658.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$90.00$90.00$90.00
Total monthly$898.08$2,525.58$2,679.55
Cash to close$280,000$28,000$28,000