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$337,608$337,608$1,665,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$1,327,392$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%7.069%7.560%
1st payment$2,237.11$2,237.11$11,437.39
2nd payment$0.00$8,572.74$0.00
Taxes / mo$1,541.67$1,541.67$1,541.67
Insurance / mo$216.67$216.67$216.67
MI / mo$351.14$351.14$333.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,346.59$12,919.33$13,528.73
Cash to close$1,512,392$185,000$185,000