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$39,998$39,998$990,000
Remaining term (yrs)3.83.830.0
Secondary amount$0$950,002$0
Funding fee$0$0$0
Note rate8.540%8.540%7.320%
Blended rate9.390%7.816%7.560%
1st payment$1,004.27$1,004.27$6,800.61
2nd payment$0.00$6,135.43$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$92.17$92.17$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,229.78$8,365.21$8,131.95
Cash to close$1,060,002$110,000$110,000