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$778,725$778,725$891,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$112,275$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%6.995%7.640%
1st payment$4,862.09$4,862.09$6,169.10
2nd payment$0.00$748.50$0.00
Taxes / mo$825.00$825.00$825.00
Insurance / mo$216.67$216.67$216.67
MI / mo$360.03$360.03$178.20
HOA / mo$0.00$0.00$0.00
Total monthly$6,263.79$7,012.28$7,388.97
Cash to close$211,275$99,000$99,000