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$234,861$234,861$1,147,500
Remaining term (yrs)15.215.230.0
Secondary amount$0$912,639$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.154%7.640%
1st payment$1,708.50$1,708.50$7,945.06
2nd payment$0.00$5,894.13$0.00
Taxes / mo$586.42$586.42$586.42
Insurance / mo$216.67$216.67$216.67
MI / mo$253.79$253.79$229.50
HOA / mo$58.33$58.33$58.33
Total monthly$2,823.71$8,717.83$9,035.97
Cash to close$1,040,139$127,500$127,500