Dan Frey Home Loans
Call Dan

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$222,967$222,967$1,035,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$812,033$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%7.074%7.640%
1st payment$1,365.85$1,365.85$7,166.13
2nd payment$0.00$5,244.38$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$208.65$208.65$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,749.50$7,993.88$8,548.13
Cash to close$927,033$115,000$115,000