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$184,125$184,125$1,345,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$1,161,375$0
Funding fee$0$0$0
Note rate3.390%3.390%7.320%
Blended rate4.240%7.270%7.560%
1st payment$1,224.66$1,224.66$9,242.65
2nd payment$0.00$7,500.55$0.00
Taxes / mo$484.48$484.48$484.48
Insurance / mo$216.67$216.67$216.67
MI / mo$195.85$195.85$269.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,121.65$9,622.20$10,212.89
Cash to close$1,310,875$149,500$149,500