Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$1,882,840$1,882,840$2,025,000
Remaining term (yrs)13.813.830.0
Secondary amount$0$142,160$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%3.983%7.560%
1st payment$13,653.15$13,653.15$13,910.35
2nd payment$0.00$947.73$0.00
Taxes / mo$1,875.00$1,875.00$1,875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$1,770.83$1,770.83$405.00
HOA / mo$0.00$0.00$0.00
Total monthly$17,515.65$18,463.38$16,407.01
Cash to close$367,160$225,000$225,000