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$771,625$771,625$819,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$47,375$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%6.946%7.640%
1st payment$4,802.79$4,802.79$5,670.59
2nd payment$0.00$355.31$0.00
Taxes / mo$758.33$758.33$758.33
Insurance / mo$216.67$216.67$216.67
MI / mo$356.76$356.76$163.80
HOA / mo$0.00$0.00$0.00
Total monthly$6,134.55$6,489.86$6,809.39
Cash to close$138,375$91,000$91,000