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$65,645$65,645$1,035,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$969,355$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%7.674%7.560%
1st payment$978.21$978.21$7,109.73
2nd payment$0.00$6,260.42$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$119.38$119.38$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,272.59$8,533.01$8,491.73
Cash to close$1,084,355$115,000$115,000