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$820,796$820,796$1,440,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$619,204$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.981%7.640%
1st payment$4,961.21$4,961.21$9,970.27
2nd payment$0.00$3,999.03$0.00
Taxes / mo$1,333.33$1,333.33$1,333.33
Insurance / mo$216.67$216.67$216.67
MI / mo$615.52$615.52$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,126.73$11,125.76$11,808.27
Cash to close$779,204$160,000$160,000