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$954,475$954,475$1,080,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$125,525$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.620%7.640%
1st payment$6,511.80$6,511.80$7,477.70
2nd payment$0.00$836.83$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$447.70$447.70$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,176.17$9,013.00$8,910.37
Cash to close$245,525$120,000$120,000