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$288,338$288,338$1,800,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$1,511,662$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%7.095%7.640%
1st payment$1,354.67$1,354.67$12,462.84
2nd payment$0.00$9,762.82$0.00
Taxes / mo$136.75$136.75$136.75
Insurance / mo$216.67$216.67$216.67
MI / mo$233.23$233.23$360.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,941.32$11,704.14$13,176.25
Cash to close$1,711,662$200,000$200,000