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$1,133,445$1,133,445$1,350,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$216,555$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%4.988%7.640%
1st payment$5,981.61$5,981.61$9,347.13
2nd payment$0.00$1,398.58$0.00
Taxes / mo$1,250.00$1,250.00$1,250.00
Insurance / mo$216.67$216.67$216.67
MI / mo$930.78$930.78$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,379.05$9,777.64$11,083.79
Cash to close$366,555$150,000$150,000