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$15,654$15,654$424,800
Remaining term (yrs)1.41.430.0
Secondary amount$0$409,146$0
Funding fee$0$0$0
Note rate2.760%2.760%7.400%
Blended rate3.610%7.597%7.640%
1st payment$843.00$843.00$2,941.23
2nd payment$0.00$2,642.40$0.00
Taxes / mo$273.67$273.67$273.67
Insurance / mo$166.67$166.67$166.67
MI / mo$87.93$87.93$84.96
HOA / mo$12.50$12.50$12.50
Total monthly$1,383.76$4,026.16$3,479.02
Cash to close$456,346$47,200$47,200