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$959,590$959,590$990,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,410$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%6.703%7.640%
1st payment$5,937.79$5,937.79$6,854.56
2nd payment$0.00$228.08$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$450.05$450.05$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,521.18$7,749.25$8,185.89
Cash to close$140,410$110,000$110,000