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$32,615$32,615$422,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$390,295$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%7.439%7.640%
1st payment$160.75$160.75$2,928.14
2nd payment$0.00$2,520.66$0.00
Taxes / mo$209.92$209.92$209.92
Insurance / mo$166.67$166.67$166.67
MI / mo$26.27$26.27$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$563.60$3,084.26$3,389.31
Cash to close$437,285$46,990$46,990