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$82,113$82,113$900,000
Remaining term (yrs)4.04.030.0
Secondary amount$0$817,887$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%7.403%7.560%
1st payment$1,752.72$1,752.72$6,182.38
2nd payment$0.00$5,282.19$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$216.67$216.67$216.67
MI / mo$178.53$178.53$180.00
HOA / mo$86.00$86.00$86.00
Total monthly$2,699.76$7,981.94$7,130.88
Cash to close$917,887$100,000$100,000