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$965,152$965,152$967,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$56,098$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.315%7.640%
1st payment$6,206.19$6,206.19$6,698.77
2nd payment$0.00$555.13$0.00
Taxes / mo$895.83$895.83$895.83
Insurance / mo$216.67$216.67$216.67
MI / mo$450.03$450.03$193.50
HOA / mo$0.00$0.00$0.00
Total monthly$7,768.73$8,323.86$8,004.77
Cash to close$109,848$53,750$107,500