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$28,539$28,539$411,210
Remaining term (yrs)23.823.830.0
Secondary amount$0$382,671$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%7.472%7.640%
1st payment$137.99$137.99$2,847.13
2nd payment$0.00$2,471.42$0.00
Taxes / mo$691.50$691.50$691.50
Insurance / mo$166.67$166.67$166.67
MI / mo$23.48$23.48$82.24
HOA / mo$211.33$211.33$211.33
Total monthly$1,230.97$3,702.39$3,998.87
Cash to close$428,361$45,690$45,690