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$949,162$949,162$1,214,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$265,748$0
Funding fee$0$0$0
Note rate5.840%5.840%7.400%
Blended rate6.390%6.687%7.640%
1st payment$5,858.24$5,858.24$8,411.79
2nd payment$0.00$1,716.29$0.00
Taxes / mo$1,124.92$1,124.92$1,124.92
Insurance / mo$216.67$216.67$216.67
MI / mo$455.63$455.63$242.98
HOA / mo$140.00$140.00$140.00
Total monthly$7,795.45$9,511.74$10,136.36
Cash to close$400,738$134,990$134,990