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$198,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$198,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.350%8.000%7.560%
1st payment$443.33$443.33$1,360.12
2nd payment$0.00$1,320.00$0.00
Taxes / mo$485.67$485.67$485.67
Insurance / mo$150.00$150.00$150.00
MI / mo$36.05$36.05$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,115.05$2,435.05$2,035.39
Cash to close$220,000$22,000$22,000