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$152,045$152,045$900,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$747,955$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%7.201%7.640%
1st payment$906.49$906.49$6,231.42
2nd payment$0.00$4,830.54$0.00
Taxes / mo$177.67$177.67$177.67
Insurance / mo$216.67$216.67$216.67
MI / mo$140.36$140.36$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.19$6,271.73$6,805.75
Cash to close$847,955$100,000$100,000