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$0$0$1,035,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$1,035,000$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.460%7.750%7.560%
1st payment$899.09$899.09$7,109.73
2nd payment$0.00$6,684.38$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$72.60$72.60$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,146.70$8,831.07$8,491.73
Cash to close$1,150,000$115,000$115,000