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$894,798$894,798$1,076,760
Remaining term (yrs)29.829.830.0
Secondary amount$0$181,962$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.211%7.640%
1st payment$5,660.85$5,660.85$7,455.27
2nd payment$0.00$1,213.08$0.00
Taxes / mo$997.00$997.00$997.00
Insurance / mo$216.67$216.67$216.67
MI / mo$410.49$410.49$215.35
HOA / mo$0.00$0.00$0.00
Total monthly$7,285.01$8,498.08$8,884.29
Cash to close$301,602$119,640$119,640