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$840,944$840,944$944,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$103,156$0
Funding fee$0$0$0
Note rate7.570%7.570%7.320%
Blended rate8.120%8.107%7.560%
1st payment$6,083.11$6,083.11$6,485.31
2nd payment$0.00$687.71$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$396.03$396.03$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,569.97$8,257.68$7,764.97
Cash to close$208,056$104,900$104,900