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$1,219,517$1,219,517$1,394,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$174,583$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.169%7.560%
1st payment$7,780.25$7,780.25$9,576.50
2nd payment$0.00$1,163.89$0.00
Taxes / mo$1,290.83$1,290.83$1,290.83
Insurance / mo$216.67$216.67$216.67
MI / mo$564.17$564.17$278.82
HOA / mo$0.00$0.00$0.00
Total monthly$9,851.92$11,015.81$11,362.82
Cash to close$329,483$154,900$154,900