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$382,500
Remaining term (yrs)——30.0
Secondary amount$0$382,500$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$2,648.35
2nd payment$0.00$2,470.31$0.00
Taxes / mo$208.83$208.83$208.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$83.00$83.00$83.00
Total monthly$441.83$2,912.15$3,166.69
Cash to close$425,000$42,500$42,500