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$886,820$886,820$1,120,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$233,680$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.671%7.640%
1st payment$6,102.84$6,102.84$7,758.12
2nd payment$0.00$1,509.18$0.00
Taxes / mo$1,037.50$1,037.50$1,037.50
Insurance / mo$216.67$216.67$216.67
MI / mo$416.22$416.22$224.10
HOA / mo$0.00$0.00$0.00
Total monthly$7,773.23$9,282.41$9,236.38
Cash to close$358,180$124,500$124,500