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$195,192$195,192$990,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$794,808$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%7.160%7.560%
1st payment$1,210.87$1,210.87$6,800.61
2nd payment$0.00$5,133.14$0.00
Taxes / mo$385.58$385.58$385.58
Insurance / mo$216.67$216.67$216.67
MI / mo$181.62$181.62$198.00
HOA / mo$225.00$225.00$225.00
Total monthly$2,219.75$7,352.89$7,825.86
Cash to close$904,808$110,000$110,000