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$857,568$857,568$922,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$64,932$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.262%7.640%
1st payment$5,515.93$5,515.93$6,387.20
2nd payment$0.00$486.99$0.00
Taxes / mo$854.17$854.17$854.17
Insurance / mo$216.67$216.67$216.67
MI / mo$396.67$396.67$184.50
HOA / mo$496.00$496.00$496.00
Total monthly$7,479.44$7,966.43$8,138.54
Cash to close$167,432$102,500$102,500