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$9,397$9,397$427,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$418,103$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%7.658%7.560%
1st payment$48.05$48.05$2,936.63
2nd payment$0.00$2,700.25$0.00
Taxes / mo$373.75$373.75$373.75
Insurance / mo$166.67$166.67$166.67
MI / mo$7.82$7.82$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$596.29$3,296.54$3,562.55
Cash to close$465,603$47,500$47,500