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$310,241$310,241$1,795,500
Remaining term (yrs)9.69.630.0
Secondary amount$0$1,485,259$0
Funding fee$0$0$0
Note rate2.360%2.360%7.400%
Blended rate3.210%6.966%7.640%
1st payment$2,970.99$2,970.99$12,431.68
2nd payment$0.00$9,592.30$0.00
Taxes / mo$1,662.50$1,662.50$1,662.50
Insurance / mo$216.67$216.67$216.67
MI / mo$318.75$318.75$359.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,168.90$14,761.20$14,669.95
Cash to close$1,684,759$199,500$199,500