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$405,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$405,000$0
Funding fee$0$0$0
Note rate8.770%8.770%7.400%
Blended rate9.620%7.750%7.640%
1st payment$510.91$510.91$2,804.14
2nd payment$0.00$2,615.63$0.00
Taxes / mo$94.50$94.50$94.50
Insurance / mo$150.00$150.00$150.00
MI / mo$45.92$45.92$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$801.33$3,416.96$3,129.64
Cash to close$450,000$45,000$45,000