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$984,219$984,219$1,124,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$139,881$0
Funding fee$0$0$0
Note rate6.310%6.310%7.400%
Blended rate7.160%7.265%7.640%
1st payment$6,386.64$6,386.64$7,783.04
2nd payment$0.00$932.54$0.00
Taxes / mo$1,040.83$1,040.83$1,040.83
Insurance / mo$216.67$216.67$216.67
MI / mo$730.10$730.10$224.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,374.24$9,306.78$9,265.36
Cash to close$264,781$124,900$124,900