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$200,419$200,419$1,799,550
Remaining term (yrs)3.03.030.0
Secondary amount$0$1,599,131$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.626%7.640%
1st payment$5,812.40$5,812.40$12,459.72
2nd payment$0.00$10,327.72$0.00
Taxes / mo$1,666.25$1,666.25$1,666.25
Insurance / mo$216.67$216.67$216.67
MI / mo$137.50$137.50$359.91
HOA / mo$0.00$0.00$0.00
Total monthly$7,832.82$18,160.54$14,702.55
Cash to close$1,799,081$199,950$199,950