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$16,544$16,544$418,496
Remaining term (yrs)25.025.030.0
Secondary amount$0$401,951$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%7.588%7.640%
1st payment$76.39$76.39$2,897.58
2nd payment$0.00$2,595.94$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$13.17$13.17$83.70
HOA / mo$540.00$540.00$540.00
Total monthly$1,183.73$3,779.66$4,075.44
Cash to close$448,451$46,500$46,500