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$932,400$932,400$1,035,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$102,600$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%4.937%7.640%
1st payment$5,046.97$5,046.97$7,166.13
2nd payment$0.00$684.00$0.00
Taxes / mo$706.92$706.92$706.92
Insurance / mo$216.67$216.67$216.67
MI / mo$771.93$771.93$207.00
HOA / mo$300.00$300.00$300.00
Total monthly$7,042.49$7,726.49$8,596.71
Cash to close$217,600$115,000$115,000