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$916,840$916,840$1,125,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$208,160$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.057%7.640%
1st payment$5,837.41$5,837.41$7,789.27
2nd payment$0.00$1,344.37$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$429.98$429.98$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,525.72$8,870.09$9,272.61
Cash to close$333,160$125,000$125,000