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$790,936$790,936$809,999
Remaining term (yrs)26.026.030.0
Secondary amount$0$64,063$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.125%7.560%
1st payment$4,945.00$4,945.00$5,564.13
2nd payment$0.00$633.96$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$591.18$591.18$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,502.85$7,136.80$6,692.80
Cash to close$109,063$45,000$90,000