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$1,051,915$1,051,915$1,035,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$40,585$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%6.834%7.560%
1st payment$6,508.51$6,508.51$7,109.73
2nd payment$0.00$401.62$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$492.78$492.78$207.00
HOA / mo$140.00$140.00$140.00
Total monthly$8,316.29$8,717.91$8,631.73
Cash to close$98,085$57,500$115,000