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$131,688$131,688$1,035,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$903,312$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.657%7.560%
1st payment$885.52$885.52$7,109.73
2nd payment$0.00$5,833.89$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$62.09$62.09$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,122.61$7,956.50$8,491.73
Cash to close$1,018,312$115,000$115,000