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$225,000
Remaining term (yrs)——30.0
Secondary amount$0$225,000$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$1,545.59
2nd payment$0.00$1,453.13$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$358.33$1,811.46$1,948.93
Cash to close$250,000$25,000$25,000