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$483,300
Remaining term (yrs)——30.0
Secondary amount$0$483,300$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$3,346.27
2nd payment$0.00$3,121.31$0.00
Taxes / mo$447.50$447.50$447.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.66
HOA / mo$430.00$430.00$430.00
Total monthly$1,044.17$4,165.48$4,487.10
Cash to close$537,000$53,700$53,700