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$874,289$874,289$891,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$66,211$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.762%7.640%
1st payment$5,907.64$5,907.64$6,169.10
2nd payment$0.00$655.21$0.00
Taxes / mo$825.00$825.00$825.00
Insurance / mo$216.67$216.67$216.67
MI / mo$411.13$411.13$178.20
HOA / mo$198.00$198.00$198.00
Total monthly$7,558.43$8,213.65$7,586.97
Cash to close$115,711$49,500$99,000