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$164,156$164,156$1,980,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$1,815,844$0
Funding fee$0$0$0
Note rate4.290%4.290%7.400%
Blended rate5.140%7.534%7.640%
1st payment$1,134.85$1,134.85$13,709.12
2nd payment$0.00$11,727.32$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$216.67$216.67$216.67
MI / mo$162.63$162.63$396.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.48$13,644.80$14,725.12
Cash to close$2,035,844$220,000$220,000