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$775,850$775,850$810,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$34,150$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%6.883%7.640%
1st payment$4,818.90$4,818.90$5,608.28
2nd payment$0.00$256.12$0.00
Taxes / mo$447.25$447.25$447.25
Insurance / mo$216.67$216.67$216.67
MI / mo$359.09$359.09$162.00
HOA / mo$80.00$80.00$80.00
Total monthly$5,921.91$6,178.03$6,514.19
Cash to close$124,150$90,000$90,000