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$277,933$277,933$1,345,500
Remaining term (yrs)17.517.530.0
Secondary amount$0$1,067,567$0
Funding fee$0$0$0
Note rate4.300%4.300%7.400%
Blended rate5.150%7.213%7.640%
1st payment$1,873.66$1,873.66$9,315.97
2nd payment$0.00$6,894.70$0.00
Taxes / mo$0.08$0.08$0.08
Insurance / mo$216.67$216.67$216.67
MI / mo$268.19$268.19$269.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,358.59$9,253.29$9,801.82
Cash to close$1,217,067$149,500$149,500