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$217,559$217,559$1,755,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$1,537,441$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.483%7.640%
1st payment$1,353.48$1,353.48$12,151.27
2nd payment$0.00$9,929.31$0.00
Taxes / mo$447.33$447.33$447.33
Insurance / mo$216.67$216.67$216.67
MI / mo$183.79$183.79$351.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,201.26$12,130.57$13,166.27
Cash to close$1,732,441$195,000$195,000