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$904,920$904,920$1,079,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$174,180$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.505%7.560%
1st payment$6,066.71$6,066.71$7,412.67
2nd payment$0.00$1,161.20$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$423.92$423.92$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,706.46$8,867.66$8,844.32
Cash to close$294,080$119,900$119,900