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$41,923$41,923$989,999
Remaining term (yrs)2.32.330.0
Secondary amount$0$948,076$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%7.605%7.560%
1st payment$1,461.14$1,461.14$6,800.61
2nd payment$0.00$6,122.99$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$216.67$216.67$216.67
MI / mo$144.97$144.97$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,027.78$8,150.77$7,420.27
Cash to close$1,058,076$110,000$110,000