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$476,675$476,675$2,609,100
Remaining term (yrs)15.215.230.0
Secondary amount$0$2,132,425$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%7.218%7.560%
1st payment$3,467.57$3,467.57$17,922.71
2nd payment$0.00$13,771.91$0.00
Taxes / mo$2,415.83$2,415.83$2,415.83
Insurance / mo$216.67$216.67$216.67
MI / mo$515.10$515.10$521.82
HOA / mo$180.00$180.00$180.00
Total monthly$6,795.17$20,567.09$21,257.03
Cash to close$2,422,325$289,900$289,900