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$876,540$876,540$1,147,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$270,960$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%8.078%7.560%
1st payment$6,369.99$6,369.99$7,882.53
2nd payment$0.00$1,749.95$0.00
Taxes / mo$1,062.50$1,062.50$1,062.50
Insurance / mo$216.67$216.67$216.67
MI / mo$412.29$412.29$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$8,061.45$9,811.40$9,391.20
Cash to close$398,460$127,500$127,500