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$65,979$65,979$989,100
Remaining term (yrs)3.83.830.0
Secondary amount$0$923,121$0
Funding fee$0$0$0
Note rate3.190%3.190%7.320%
Blended rate4.040%7.503%7.560%
1st payment$1,495.20$1,495.20$6,794.43
2nd payment$0.00$5,961.82$0.00
Taxes / mo$915.83$915.83$915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$151.35$151.35$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,779.06$8,740.88$8,124.75
Cash to close$1,033,021$109,900$109,900