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$144,034$144,034$1,345,500
Remaining term (yrs)6.56.530.0
Secondary amount$0$1,201,466$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.640%7.631%7.640%
1st payment$2,174.49$2,174.49$9,315.97
2nd payment$0.00$7,759.47$0.00
Taxes / mo$795.92$795.92$795.92
Insurance / mo$216.67$216.67$216.67
MI / mo$262.79$262.79$269.10
HOA / mo$15.00$15.00$15.00
Total monthly$3,464.87$11,224.34$10,612.65
Cash to close$1,350,966$149,500$149,500