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$391,500
Remaining term (yrs)——30.0
Secondary amount$0$391,500$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%7.750%7.560%
1st payment$0.00$0.00$2,689.33
2nd payment$0.00$2,528.44$0.00
Taxes / mo$27.33$27.33$27.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$177.33$2,705.77$2,944.97
Cash to close$435,000$43,500$43,500