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$338,964$338,964$1,170,000
Remaining term (yrs)18.118.130.0
Secondary amount$0$831,036$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.901%7.640%
1st payment$2,178.05$2,178.05$8,100.84
2nd payment$0.00$5,367.11$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$324.33$324.33$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,802.38$9,169.49$9,634.84
Cash to close$961,036$130,000$130,000