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$385,869$385,869$1,125,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$739,131$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%6.443%7.640%
1st payment$1,885.92$1,885.92$7,789.27
2nd payment$0.00$4,773.56$0.00
Taxes / mo$264.50$264.50$264.50
Insurance / mo$216.67$216.67$216.67
MI / mo$306.79$306.79$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,673.87$7,447.43$8,495.44
Cash to close$864,131$125,000$125,000