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$984,347$984,347$3,735,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$2,750,653$0
Funding fee$0$0$0
Note rate2.290%2.290%7.400%
Blended rate3.140%6.535%7.640%
1st payment$4,323.26$4,323.26$25,860.39
2nd payment$0.00$17,764.63$0.00
Taxes / mo$3,458.33$3,458.33$3,458.33
Insurance / mo$216.67$216.67$216.67
MI / mo$796.88$796.88$747.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,795.13$26,559.77$30,282.39
Cash to close$3,165,653$415,000$415,000