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$374,573$374,573$2,520,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$2,145,427$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%7.167%7.560%
1st payment$1,776.37$1,776.37$17,310.65
2nd payment$0.00$13,855.89$0.00
Taxes / mo$119.58$119.58$119.58
Insurance / mo$216.67$216.67$216.67
MI / mo$299.21$299.21$504.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,411.83$16,267.71$18,150.90
Cash to close$2,425,427$280,000$280,000