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$262,800
Remaining term (yrs)——30.0
Secondary amount$0$262,800$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%7.750%7.560%
1st payment$0.00$0.00$1,805.25
2nd payment$0.00$1,697.25$0.00
Taxes / mo$68.58$68.58$68.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.56
HOA / mo$0.00$0.00$0.00
Total monthly$218.58$1,915.83$2,076.40
Cash to close$292,000$29,200$29,200