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$12,651$12,651$422,910
Remaining term (yrs)22.222.230.0
Secondary amount$0$410,259$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%7.627%7.640%
1st payment$63.42$63.42$2,928.14
2nd payment$0.00$2,649.59$0.00
Taxes / mo$372.00$372.00$372.00
Insurance / mo$166.67$166.67$166.67
MI / mo$10.48$10.48$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$612.57$3,262.15$3,551.39
Cash to close$457,249$46,990$46,990