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$858,421$858,421$1,755,000
Remaining term (yrs)17.317.330.0
Secondary amount$0$896,579$0
Funding fee$0$0$0
Note rate3.960%3.960%7.320%
Blended rate4.810%6.312%7.560%
1st payment$5,691.72$5,691.72$12,055.63
2nd payment$0.00$5,790.40$0.00
Taxes / mo$2,189.08$2,189.08$2,189.08
Insurance / mo$216.67$216.67$216.67
MI / mo$848.57$848.57$351.00
HOA / mo$116.67$116.67$116.67
Total monthly$9,062.71$14,853.11$14,929.05
Cash to close$1,091,579$195,000$195,000