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$777,174$777,174$828,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$50,826$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.170%7.640%
1st payment$4,962.98$4,962.98$5,732.90
2nd payment$0.00$381.20$0.00
Taxes / mo$766.67$766.67$766.67
Insurance / mo$216.67$216.67$216.67
MI / mo$359.88$359.88$165.60
HOA / mo$0.00$0.00$0.00
Total monthly$6,306.19$6,687.39$6,881.84
Cash to close$142,826$92,000$92,000