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$939,278$939,278$1,080,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$140,722$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%5.565%7.640%
1st payment$5,425.09$5,425.09$7,477.70
2nd payment$0.00$938.14$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$771.93$771.93$216.00
HOA / mo$889.00$889.00$889.00
Total monthly$8,302.69$9,240.83$9,799.37
Cash to close$260,722$120,000$120,000