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$883,343$883,343$945,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$61,657$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%6.953%7.640%
1st payment$5,497.94$5,497.94$6,542.99
2nd payment$0.00$462.43$0.00
Taxes / mo$875.00$875.00$875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$408.83$408.83$189.00
HOA / mo$40.00$40.00$40.00
Total monthly$7,038.44$7,500.87$7,863.66
Cash to close$166,657$105,000$105,000