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$518,926$518,926$990,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$471,074$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.435%7.640%
1st payment$3,450.62$3,450.62$6,854.56
2nd payment$0.00$3,042.36$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$247.63$247.63$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,831.59$7,873.95$8,185.89
Cash to close$581,074$110,000$110,000