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$862,803$862,803$1,079,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$217,107$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.662%7.560%
1st payment$5,926.18$5,926.18$7,418.23
2nd payment$0.00$1,402.15$0.00
Taxes / mo$999.92$999.92$999.92
Insurance / mo$216.67$216.67$216.67
MI / mo$404.58$404.58$215.98
HOA / mo$0.00$0.00$0.00
Total monthly$7,547.34$8,949.49$8,850.80
Cash to close$337,097$119,990$119,990