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$91,946$91,946$1,035,000
Remaining term (yrs)4.94.930.0
Secondary amount$0$943,054$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate8.050%7.777%7.560%
1st payment$1,804.41$1,804.41$7,109.73
2nd payment$0.00$6,090.56$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$188.29$188.29$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,167.70$9,258.26$8,491.73
Cash to close$1,058,054$115,000$115,000