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$169,392$169,392$900,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$730,608$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%7.082%7.640%
1st payment$1,110.60$1,110.60$6,231.42
2nd payment$0.00$4,718.51$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$178.50$178.50$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,339.10$7,057.61$7,461.42
Cash to close$830,608$100,000$100,000