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$850,546$850,546$1,079,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$228,554$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.041%7.640%
1st payment$5,310.51$5,310.51$7,471.47
2nd payment$0.00$1,476.08$0.00
Taxes / mo$290.33$290.33$290.33
Insurance / mo$216.67$216.67$216.67
MI / mo$393.23$393.23$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,210.74$7,686.82$8,194.29
Cash to close$348,454$119,900$119,900