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$33,393$33,393$1,080,000
Remaining term (yrs)37.437.430.0
Secondary amount$0$1,046,607$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.731%7.640%
1st payment$200.56$200.56$7,477.70
2nd payment$0.00$6,759.34$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$15.51$15.51$216.00
HOA / mo$60.00$60.00$60.00
Total monthly$1,492.74$8,252.08$8,970.37
Cash to close$1,166,607$120,000$120,000