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$35,138$35,138$476,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$441,772$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%7.454%7.560%
1st payment$173.80$173.80$3,276.04
2nd payment$0.00$2,853.11$0.00
Taxes / mo$475.42$475.42$475.42
Insurance / mo$166.67$166.67$166.67
MI / mo$28.37$28.37$95.38
HOA / mo$33.33$33.33$33.33
Total monthly$877.59$3,730.70$4,046.84
Cash to close$494,762$52,990$52,990