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$806,475$806,475$882,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$75,525$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.628%7.640%
1st payment$5,459.65$5,459.65$6,106.79
2nd payment$0.00$566.44$0.00
Taxes / mo$816.67$816.67$816.67
Insurance / mo$216.67$216.67$216.67
MI / mo$378.03$378.03$176.40
HOA / mo$0.00$0.00$0.00
Total monthly$6,871.01$7,437.44$7,316.52
Cash to close$173,525$98,000$98,000