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$889,094$889,094$1,034,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$145,006$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.340%7.175%7.640%
1st payment$5,870.48$5,870.48$7,159.90
2nd payment$0.00$966.70$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$426.13$426.13$206.82
HOA / mo$40.00$40.00$40.00
Total monthly$7,510.77$8,477.48$8,580.89
Cash to close$259,906$114,900$114,900