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$997,796$997,796$1,214,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$217,203$0
Funding fee$0$0$0
Note rate5.370%5.370%7.320%
Blended rate5.920%6.247%7.560%
1st payment$5,739.85$5,739.85$8,346.20
2nd payment$0.00$1,402.77$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$470.07$470.07$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,551.58$8,954.35$9,930.87
Cash to close$352,203$135,000$135,000