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$871,559$871,559$2,250,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$1,378,441$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.300%7.188%7.640%
1st payment$5,330.94$5,330.94$15,578.55
2nd payment$0.00$8,902.43$0.00
Taxes / mo$86.08$86.08$86.08
Insurance / mo$216.67$216.67$216.67
MI / mo$418.69$418.69$450.00
HOA / mo$133.33$133.33$133.33
Total monthly$6,185.71$15,088.14$16,464.63
Cash to close$1,628,441$250,000$250,000