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$432,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$432,000$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%7.750%7.560%
1st payment$0.00$0.00$2,967.54
2nd payment$0.00$2,790.00$0.00
Taxes / mo$295.33$295.33$295.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$58.00$58.00$58.00
Total monthly$520.00$3,310.00$3,573.94
Cash to close$480,000$48,000$48,000