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$741,365$741,365$989,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$247,735$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%7.780%7.640%
1st payment$5,120.05$5,120.05$6,848.33
2nd payment$0.00$1,599.95$0.00
Taxes / mo$915.83$915.83$915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$548.44$548.44$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,800.99$8,400.94$8,178.65
Cash to close$357,635$109,900$109,900