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$34,140$34,140$494,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$460,770$0
Funding fee$0$0$0
Note rate2.875%2.875%7.400%
Blended rate3.425%7.452%7.640%
1st payment$144.73$144.73$3,426.66
2nd payment$0.00$2,975.80$0.00
Taxes / mo$475.25$475.25$475.25
Insurance / mo$166.67$166.67$166.67
MI / mo$15.99$15.99$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$802.64$3,778.44$4,167.56
Cash to close$515,760$54,990$54,990