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$427,857$427,857$1,080,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$652,143$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.502%7.640%
1st payment$2,305.44$2,305.44$7,477.70
2nd payment$0.00$4,211.76$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$352.62$352.62$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,874.72$8,086.48$8,910.37
Cash to close$772,143$120,000$120,000