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$936,682$936,682$1,259,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$322,418$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.438%7.560%
1st payment$6,230.66$6,230.66$8,649.14
2nd payment$0.00$2,082.28$0.00
Taxes / mo$1,165.83$1,165.83$1,165.83
Insurance / mo$216.67$216.67$216.67
MI / mo$438.94$438.94$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,052.10$10,134.38$10,283.46
Cash to close$462,318$139,900$139,900