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$553,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$553,500$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.750%7.640%
1st payment$0.00$0.00$3,832.32
2nd payment$0.00$3,574.69$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$679.17$4,253.85$4,622.19
Cash to close$615,000$61,500$61,500