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$377,009$377,009$1,386,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$1,008,991$0
Funding fee$0$0$0
Note rate3.930%3.930%7.320%
Blended rate4.780%6.942%7.560%
1st payment$2,177.59$2,177.59$9,520.86
2nd payment$0.00$6,516.40$0.00
Taxes / mo$424.33$424.33$424.33
Insurance / mo$216.67$216.67$216.67
MI / mo$325.83$325.83$277.20
HOA / mo$79.17$79.17$79.17
Total monthly$3,223.59$9,739.99$10,518.23
Cash to close$1,162,991$154,000$154,000