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$853,794$853,794$899,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$45,306$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.614%7.640%
1st payment$5,808.07$5,808.07$6,225.19
2nd payment$0.00$339.80$0.00
Taxes / mo$832.50$832.50$832.50
Insurance / mo$216.67$216.67$216.67
MI / mo$400.53$400.53$179.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,257.77$7,597.56$7,454.17
Cash to close$145,206$99,900$99,900