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$433,719$433,719$1,529,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$1,095,381$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.486%7.640%
1st payment$2,800.06$2,800.06$10,587.18
2nd payment$0.00$7,074.34$0.00
Taxes / mo$1,415.83$1,415.83$1,415.83
Insurance / mo$216.67$216.67$216.67
MI / mo$207.99$207.99$305.82
HOA / mo$175.00$175.00$175.00
Total monthly$4,815.56$11,889.89$12,700.50
Cash to close$1,265,281$169,900$169,900