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$992,415$992,415$1,034,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$41,685$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%6.985%7.560%
1st payment$6,318.59$6,318.59$7,103.55
2nd payment$0.00$312.64$0.00
Taxes / mo$957.50$957.50$957.50
Insurance / mo$216.67$216.67$216.67
MI / mo$465.42$465.42$206.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,958.17$8,270.81$8,484.54
Cash to close$156,585$114,900$114,900