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$462,791$462,791$3,149,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$2,686,309$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%7.312%7.640%
1st payment$3,298.33$3,298.33$21,803.73
2nd payment$0.00$17,349.08$0.00
Taxes / mo$2,915.83$2,915.83$2,915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$494.13$494.13$629.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,924.96$24,274.04$25,566.05
Cash to close$3,036,209$349,900$349,900