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$221,504$221,504$1,687,500
Remaining term (yrs)16.916.930.0
Secondary amount$0$1,465,996$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%7.430%7.560%
1st payment$1,545.82$1,545.82$11,591.95
2nd payment$0.00$9,467.89$0.00
Taxes / mo$337.76$337.76$337.76
Insurance / mo$216.67$216.67$216.67
MI / mo$217.12$217.12$337.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,317.37$11,785.26$12,483.88
Cash to close$1,653,496$187,500$187,500