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$50,766$50,766$900,000
Remaining term (yrs)4.94.930.0
Secondary amount$0$849,234$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.760%7.751%7.640%
1st payment$1,003.06$1,003.06$6,231.42
2nd payment$0.00$5,484.64$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$107.77$107.77$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.84$7,645.48$7,461.42
Cash to close$949,234$100,000$100,000