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$1,188,992$1,188,992$1,485,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$296,008$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%6.917%7.640%
1st payment$7,575.19$7,575.19$10,281.84
2nd payment$0.00$1,911.72$0.00
Taxes / mo$1,375.00$1,375.00$1,375.00
Insurance / mo$216.67$216.67$216.67
MI / mo$569.29$569.29$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$9,736.14$11,647.86$12,170.51
Cash to close$461,008$165,000$165,000