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$990,371$990,371$1,615,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$625,129$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.560%7.560%
1st payment$6,620.81$6,620.81$11,097.36
2nd payment$0.00$4,037.29$0.00
Taxes / mo$597.67$597.67$597.67
Insurance / mo$216.67$216.67$216.67
MI / mo$461.22$461.22$323.10
HOA / mo$443.00$443.00$443.00
Total monthly$8,339.37$12,376.66$12,677.80
Cash to close$804,629$179,500$179,500