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$0$0$944,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$944,100$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.350%7.750%7.560%
1st payment$0.00$0.00$6,485.31
2nd payment$0.00$6,097.31$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$188.82
HOA / mo$329.00$329.00$329.00
Total monthly$1,419.83$7,517.15$8,093.97
Cash to close$1,049,000$104,900$104,900