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$990,114$990,114$1,071,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$80,886$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.197%7.640%
1st payment$6,360.29$6,360.29$7,415.39
2nd payment$0.00$606.65$0.00
Taxes / mo$991.67$991.67$991.67
Insurance / mo$216.67$216.67$216.67
MI / mo$461.21$461.21$214.20
HOA / mo$226.00$226.00$226.00
Total monthly$8,255.83$8,862.48$9,063.92
Cash to close$199,886$119,000$119,000