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$926,132$926,132$1,052,910
Remaining term (yrs)29.529.530.0
Secondary amount$0$126,778$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate6.930%7.059%7.560%
1st payment$5,802.53$5,802.53$7,232.76
2nd payment$0.00$845.19$0.00
Taxes / mo$974.92$974.92$974.92
Insurance / mo$216.67$216.67$216.67
MI / mo$426.07$426.07$210.58
HOA / mo$0.00$0.00$0.00
Total monthly$7,420.18$8,265.37$8,634.93
Cash to close$243,768$116,990$116,990