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$207,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$207,000$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.850%7.750%7.560%
1st payment$503.23$503.23$1,421.95
2nd payment$0.00$1,336.88$0.00
Taxes / mo$306.17$306.17$306.17
Insurance / mo$150.00$150.00$150.00
MI / mo$42.24$42.24$41.40
HOA / mo$329.00$329.00$329.00
Total monthly$1,330.63$2,667.51$2,248.51
Cash to close$230,000$23,000$23,000