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$486,900
Remaining term (yrs)——30.0
Secondary amount$0$486,900$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$3,371.20
2nd payment$0.00$3,144.56$0.00
Taxes / mo$32.08$32.08$32.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.38
HOA / mo$200.00$200.00$200.00
Total monthly$398.75$3,543.31$3,867.33
Cash to close$541,000$54,100$54,100