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$5,214$5,214$426,600
Remaining term (yrs)16.216.230.0
Secondary amount$0$421,386$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%7.700%7.560%
1st payment$33.28$33.28$2,930.45
2nd payment$0.00$2,721.45$0.00
Taxes / mo$239.83$239.83$239.83
Insurance / mo$166.67$166.67$166.67
MI / mo$4.62$4.62$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$444.40$3,165.85$3,422.27
Cash to close$468,786$47,400$47,400