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$308,515$308,515$1,332,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$1,023,485$0
Funding fee$0$0$0
Note rate4.020%4.020%7.400%
Blended rate4.870%7.083%7.640%
1st payment$1,942.90$1,942.90$9,222.50
2nd payment$0.00$6,610.00$0.00
Taxes / mo$1,233.33$1,233.33$1,233.33
Insurance / mo$216.67$216.67$216.67
MI / mo$287.57$287.57$266.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,680.47$10,290.48$10,938.90
Cash to close$1,171,485$148,000$148,000