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$992,710$992,710$1,057,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$64,700$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.094%7.560%
1st payment$6,365.10$6,365.10$7,263.67
2nd payment$0.00$485.25$0.00
Taxes / mo$979.08$979.08$979.08
Insurance / mo$216.67$216.67$216.67
MI / mo$465.42$465.42$211.48
HOA / mo$0.00$0.00$0.00
Total monthly$8,026.27$8,511.52$8,670.91
Cash to close$182,190$117,490$117,490