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$265,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$265,500$0
Funding fee$0$0$0
Note rate4.690%4.690%7.320%
Blended rate5.540%7.750%7.560%
1st payment$876.01$876.01$1,823.80
2nd payment$0.00$1,714.69$0.00
Taxes / mo$147.08$147.08$147.08
Insurance / mo$150.00$150.00$150.00
MI / mo$80.09$80.09$53.10
HOA / mo$329.00$329.00$329.00
Total monthly$1,582.18$3,296.87$2,502.98
Cash to close$295,000$29,500$29,500