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$289,533$289,533$1,169,100
Remaining term (yrs)14.614.630.0
Secondary amount$0$879,567$0
Funding fee$0$0$0
Note rate3.200%3.200%7.320%
Blended rate4.050%6.834%7.560%
1st payment$2,054.22$2,054.22$8,030.91
2nd payment$0.00$5,680.54$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$336.46$336.46$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,689.84$9,370.38$9,563.89
Cash to close$1,009,467$129,900$129,900