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$818,448$818,448$877,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$59,052$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.601%7.640%
1st payment$5,540.70$5,540.70$6,075.63
2nd payment$0.00$442.89$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$383.64$383.64$175.50
HOA / mo$410.00$410.00$410.00
Total monthly$7,363.51$7,806.40$7,690.30
Cash to close$156,552$97,500$97,500