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$169,392$169,392$1,147,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$978,108$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%7.226%7.640%
1st payment$1,110.60$1,110.60$7,945.06
2nd payment$0.00$6,316.95$0.00
Taxes / mo$1,062.50$1,062.50$1,062.50
Insurance / mo$216.67$216.67$216.67
MI / mo$178.50$178.50$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,568.26$8,885.21$9,453.72
Cash to close$1,105,608$127,500$127,500