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$10,908$10,908$436,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$425,592$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%7.650%7.640%
1st payment$57.41$57.41$3,022.24
2nd payment$0.00$2,748.61$0.00
Taxes / mo$228.91$228.91$228.91
Insurance / mo$166.67$166.67$166.67
MI / mo$8.92$8.92$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$461.91$3,210.52$3,505.11
Cash to close$474,092$48,500$48,500