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$13,881$13,881$562,499
Remaining term (yrs)23.123.130.0
Secondary amount$0$548,618$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%7.651%7.560%
1st payment$68.31$68.31$3,863.98
2nd payment$0.00$3,543.16$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$11.41$11.41$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$767.22$4,310.38$4,663.98
Cash to close$611,118$62,500$62,500