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$17,374$17,374$490,500
Remaining term (yrs)14.514.530.0
Secondary amount$0$473,126$0
Funding fee$0$0$0
Note rate2.200%2.200%7.320%
Blended rate3.050%7.584%7.560%
1st payment$115.59$115.59$3,369.39
2nd payment$0.00$3,055.61$0.00
Taxes / mo$592.33$592.33$592.33
Insurance / mo$166.67$166.67$166.67
MI / mo$15.89$15.89$98.10
HOA / mo$83.33$83.33$83.33
Total monthly$973.80$4,029.41$4,309.82
Cash to close$527,626$54,500$54,500