Dan Frey Home Loans
Call Dan

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$1,012,832$1,012,832$1,151,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$138,268$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%6.900%7.640%
1st payment$6,344.51$6,344.51$7,969.98
2nd payment$0.00$921.79$0.00
Taxes / mo$1,065.83$1,065.83$1,065.83
Insurance / mo$216.67$216.67$216.67
MI / mo$474.78$474.78$230.22
HOA / mo$0.00$0.00$0.00
Total monthly$8,101.79$9,023.58$9,482.70
Cash to close$266,168$127,900$127,900