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$856,092$856,092$1,350,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$493,908$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.255%7.560%
1st payment$5,594.55$5,594.55$9,273.56
2nd payment$0.00$3,189.82$0.00
Taxes / mo$1,250.00$1,250.00$1,250.00
Insurance / mo$216.67$216.67$216.67
MI / mo$409.08$409.08$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,470.30$10,660.12$11,010.23
Cash to close$643,908$150,000$150,000