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$93,889$93,889$899,991
Remaining term (yrs)6.86.830.0
Secondary amount$0$806,102$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%7.625%7.640%
1st payment$1,371.44$1,371.44$6,231.36
2nd payment$0.00$5,206.08$0.00
Taxes / mo$833.32$833.32$833.32
Insurance / mo$216.67$216.67$216.67
MI / mo$167.37$167.37$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,588.80$7,794.88$7,461.35
Cash to close$906,101$99,999$99,999