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$259,132$259,132$1,880,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$1,620,968$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%7.277%7.560%
1st payment$1,342.12$1,342.12$12,914.98
2nd payment$0.00$10,468.75$0.00
Taxes / mo$1,162.83$1,162.83$1,162.83
Insurance / mo$216.67$216.67$216.67
MI / mo$212.50$212.50$376.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,934.12$13,402.86$14,670.50
Cash to close$1,829,868$208,900$208,900