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$998,200$998,200$2,241,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$1,242,800$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.164%7.640%
1st payment$5,054.81$5,054.81$15,516.23
2nd payment$0.00$8,026.42$0.00
Taxes / mo$200.40$200.40$200.40
Insurance / mo$216.67$216.67$216.67
MI / mo$813.45$813.45$448.20
HOA / mo$0.00$0.00$0.00
Total monthly$6,285.33$14,311.75$16,381.50
Cash to close$1,491,800$249,000$249,000