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$963,760$963,760$1,124,999
Remaining term (yrs)29.029.030.0
Secondary amount$0$161,240$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.049%7.640%
1st payment$6,048.32$6,048.32$7,789.27
2nd payment$0.00$1,074.93$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$445.98$445.98$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,752.64$8,827.57$9,272.60
Cash to close$286,239$125,000$125,000