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$32,941$32,941$495,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$462,059$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%7.482%7.560%
1st payment$194.08$194.08$3,400.31
2nd payment$0.00$2,984.13$0.00
Taxes / mo$276.25$276.25$276.25
Insurance / mo$166.67$166.67$166.67
MI / mo$27.75$27.75$99.00
HOA / mo$67.00$67.00$67.00
Total monthly$731.75$3,715.88$4,009.22
Cash to close$517,059$55,000$55,000