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$801,049$801,049$1,124,999
Remaining term (yrs)26.626.630.0
Secondary amount$0$323,950$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.173%7.640%
1st payment$5,213.45$5,213.45$7,789.27
2nd payment$0.00$2,092.18$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$382.41$382.41$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,854.19$8,946.37$9,272.60
Cash to close$448,950$125,000$125,000