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$770,404$770,404$1,053,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$282,596$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.033%7.640%
1st payment$4,770.32$4,770.32$7,290.76
2nd payment$0.00$1,825.10$0.00
Taxes / mo$517.93$517.93$517.93
Insurance / mo$216.67$216.67$216.67
MI / mo$356.23$356.23$210.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,861.15$7,686.24$8,235.96
Cash to close$399,596$117,000$117,000