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$919,822$919,822$1,075,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$155,678$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.358%7.640%
1st payment$5,382.81$5,382.81$7,446.54
2nd payment$0.00$1,037.85$0.00
Taxes / mo$995.83$995.83$995.83
Insurance / mo$216.67$216.67$216.67
MI / mo$692.03$692.03$215.10
HOA / mo$0.00$0.00$0.00
Total monthly$7,287.34$8,325.19$8,874.14
Cash to close$275,178$119,500$119,500