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$299,886$299,886$1,305,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$1,005,114$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%7.012%7.640%
1st payment$1,507.84$1,507.84$9,035.56
2nd payment$0.00$6,491.36$0.00
Taxes / mo$1,208.33$1,208.33$1,208.33
Insurance / mo$216.67$216.67$216.67
MI / mo$232.33$232.33$261.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,165.16$9,656.52$10,721.56
Cash to close$1,150,114$145,000$145,000