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$329,861$329,861$1,431,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$1,101,139$0
Funding fee$0$0$0
Note rate3.390%3.390%7.320%
Blended rate4.240%6.941%7.560%
1st payment$2,202.42$2,202.42$9,829.98
2nd payment$0.00$7,111.52$0.00
Taxes / mo$1,325.00$1,325.00$1,325.00
Insurance / mo$216.67$216.67$216.67
MI / mo$352.21$352.21$286.20
HOA / mo$0.00$0.00$0.00
Total monthly$4,096.30$11,207.82$11,657.84
Cash to close$1,260,139$159,000$159,000