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$943,174$943,174$1,026,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$82,826$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.180%7.640%
1st payment$6,077.85$6,077.85$7,103.82
2nd payment$0.00$621.20$0.00
Taxes / mo$950.00$950.00$950.00
Insurance / mo$216.67$216.67$216.67
MI / mo$442.10$442.10$205.20
HOA / mo$0.00$0.00$0.00
Total monthly$7,686.62$8,307.81$8,475.68
Cash to close$196,826$114,000$114,000