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$422,730
Remaining term (yrs)25.025.030.0
Secondary amount$0$422,730$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$2,903.86
2nd payment$0.00$2,730.13$0.00
Taxes / mo$216.33$216.33$216.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.55
HOA / mo$0.00$0.00$0.00
Total monthly$383.00$3,113.13$3,371.41
Cash to close$469,700$46,970$46,970