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$808,997$808,997$1,125,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$316,003$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.542%7.560%
1st payment$4,750.85$4,750.85$7,727.97
2nd payment$0.00$2,040.85$0.00
Taxes / mo$444.67$444.67$444.67
Insurance / mo$216.67$216.67$216.67
MI / mo$611.47$611.47$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,023.65$8,064.51$8,614.30
Cash to close$441,003$125,000$125,000