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$838,479$838,479$855,000
Remaining term (yrs)29.229.230.0
Secondary amount$0$64,021$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.615%7.640%
1st payment$5,471.30$5,471.30$5,919.85
2nd payment$0.00$633.54$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$387.03$387.03$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,866.66$7,500.20$7,099.18
Cash to close$111,521$47,500$95,000