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$260,004$260,004$1,052,100
Remaining term (yrs)15.915.930.0
Secondary amount$0$792,096$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.910%7.560%
1st payment$1,763.65$1,763.65$7,227.20
2nd payment$0.00$5,115.62$0.00
Taxes / mo$473.67$473.67$473.67
Insurance / mo$216.67$216.67$216.67
MI / mo$278.20$278.20$210.42
HOA / mo$120.00$120.00$120.00
Total monthly$2,852.18$7,967.80$8,247.95
Cash to close$908,996$116,900$116,900