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$14,050$14,050$1,525,500
Remaining term (yrs)0.50.530.0
Secondary amount$0$1,511,450$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.719%7.640%
1st payment$1,779.39$1,779.39$10,562.25
2nd payment$0.00$9,761.45$0.00
Taxes / mo$178.33$178.33$178.33
Insurance / mo$216.67$216.67$216.67
MI / mo$176.31$176.31$305.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,350.70$12,112.15$11,262.35
Cash to close$1,680,950$169,500$169,500