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$862,428$862,428$1,125,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$262,572$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.589%7.560%
1st payment$5,866.80$5,866.80$7,727.97
2nd payment$0.00$1,695.78$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$404.58$404.58$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,529.72$9,225.49$9,211.30
Cash to close$387,572$125,000$125,000